this post was submitted on 02 Dec 2025
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Economics

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Black Friday spending raises eyebrows over US economy (www.newsweek.com)
submitted 8 hours ago by MicroWave@lemmy.world to c/economics@lemmy.world
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Data for Thanksgiving weekend shows consumers shopped at encouraging levels, but underlying details about spending patterns suggest this may not have been the economic boon the administration believes.

According to Adobe Analytics, U.S. consumers spent $6.4 billion on Thanksgiving Day and $11.8 billion online on Black Friday, both record highs and up significantly compared to last year.

But Salesforce data, cited by Forbes, found that order volume fell by about 1% year over year, while average selling prices were up 7%—indicating that much of the growth was caused by inflation rather than any uptick in shopping enthusiasm.

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[–] MadMadBunny@lemmy.ca 27 points 7 hours ago

So, creative accounting huh?

[–] timewarp@lemmy.world 31 points 8 hours ago* (last edited 8 hours ago)

LOL... Like most things involving the economy they only see what they want to. If companies made things unaffordable for most people 364 days out of the year, but on the one day they didn't, they'd say, "Look how great the economy is, people spent a record amount of money one day out of the year."