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The Independent UK
The Independent UK
National
Associated Press

Americans ramped up spending during the holidays despite some financial anxiety and higher costs

Mastercard SpendingPulse
Copyright 2023 The Associated Press. All rights reserved.

Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial worries, according to the latest measure.

Holiday sales from the beginning of November through Christmas Eve climbed 3.1%, a slower pace than the 7.6% increase from a year earlier, according to Mastercard SpendingPulse, which tracks all kinds of payments including cash and debit cards.

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