Happy Shopping !!

Today marks one of the busiest shopping days in the US. Commonly referred to as Black Friday and Cyber Monday, the days following Thanksgiving sees retailers offer significant price discounts to drive consumer spending activity. A record over 183 million people are expected to shop over the Thanksgiving holiday weekend.

A recent National Retail Federation (NRF) survey found that holiday shoppers are expected to spend a record $902 per person on average across gifts, decorations, food and other key seasonal items. The median weekly full-time wage in the US was $1,165 in Q3, 2024.

So, what are expected to be the most popular gifts? Clothing ranks number one according to the NRF survey (54%), followed by gift cards (44% – for those of us that like to sit on the fence!), with toys coming in third place (36%). Happy shopping!

 Source: Goodbody, NRF, Bureau of Labour Statistics.