U.S. Holiday Spending Surges 4% Despite High Rates 🎉

U.S. holiday spending in 2024 exceeded expectations, showcasing consumer resilience despite high interest rates. Mastercard SpendingPulse reported a nearly 4% increase in retail sales compared to the prior year, surpassing expectations. Online sales surged over 6%, reflecting strong e-commerce activity during promotional periods. Jewelry sales led all categories with a 4% gain, while apparel and electronics also saw steady increases. Holiday spending highlights consumer willingness to spend, strongly focusing on value and e-commerce activity during major promotional periods.