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International Business Times
International Business Times
National
Carla St. Louis

Mastercard Reveals What Americans Spent The Most on During The 2024 Holidays

Consumers shop along 5th Avenue in New York on December 8, 2024. (Credit: KENA BETANCUR/AFP via Getty Images)

More people ate at restaurants and shopped for clothes and jewelry, with a seasonal report showing a 3.8% increase in retail sales compared to last year.

The report, released by Mastercard, showed that American consumers continued to show resilience and increased spending as the Federal Reserve's interest rates dropped and inflation decreased across various sectors, Axios reported.

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