U.S. hits a record in online sales, spending $126 Billion over the last holiday season - InvestingChannel

U.S. hits a record in online sales, spending $126 Billion over the last holiday season

For the first time ever, U.S. holiday spending hit a record of $126 billion in online sales. Through a backlash to what experts call “frugality fatigue”, consumers are entered the holiday season more willing to pull out their wallets, to the benefit of payment processors such as American Express Company (NYSE: AXP), Discover Financial Services (NYSE: DFS), Mastercard Incorporated (NYSE: MA), Visa Inc. (NYSE: V), and NetCents Technology Inc. (CSE: NC) (OTC: NTTCF).

According to an annual holiday shopping survey conducted by Discover, 25% of consumers are planning to spend more this holiday season than last year. A big boost is coming from both Millennials and Gen-Z, which anticipate bumping up their spending 35% and 33% respectively.

How consumers spend on the season may be different this holiday season than others, …View the full post at: U.S. hits a record in online sales, spending $126 Billion over the last holiday season

Related Articles:

Trackloop Signs Letter of Intent with Liht Cannabis Corp., A Licensed Cannabis Producer in Nevada, Expanding Footprint In Cannabis Industry

American CBD Market Hype Increasing as Analysts Projecting US$16 Billion by 2025

Frontfundr Has Commissioned A Survey to Understand Gender Parity In Personal Finance For Women, And The Results Aren’t Good

These are the Early Leaders in the Medical Cannabis Boom