Cyber Monday 2022: Record Spending Despite Economic UncertaintyConsumers across the U.S. spent a record $14.2 billion online on Cyber Monday, a 6.3% increase from last year, according to Adobe Analytics. This follows strong spending on Black Friday and Thanksgiving Day, exceeding earlier forecasts. The National Retail Federation estimates that U.S. shoppers will spend over $1 trillion for the first time this holiday season, with a growth rate of 3.7-4.2% year over year. However, credit card debt and loan delinquencies are rising, leading more shoppers to use buy now, pay later plans, which are expected to drive $20.2 billion in online spending this holiday season, an 11% increase from last year.
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