> Online spending rose 4.9% year over year, setting a record for e-commerce during the holiday season, as shoppers pounced on discounts and leaned on buy now, pay later to cover more of their purchases, according to Adobe Analytics.
> In a news release, Mastercard Economics Institute’s Chief Economist Michelle Meyer credited a healthy jobs market and easing inflation for giving consumers confidence to spend.
I just find it pretty interesting that previously rising inflation is the reason given for consumers spending now rather than later. And now easing inflation is also the reason for record spending with buy now pay later…
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> Online spending rose 4.9% year over year, setting a record for e-commerce during the holiday season, as shoppers pounced on discounts and leaned on buy now, pay later to cover more of their purchases, according to Adobe Analytics.
> In a news release, Mastercard Economics Institute’s Chief Economist Michelle Meyer credited a healthy jobs market and easing inflation for giving consumers confidence to spend.
I just find it pretty interesting that previously rising inflation is the reason given for consumers spending now rather than later. And now easing inflation is also the reason for record spending with buy now pay later…