Consumers spent more this holiday season —

Photo by Arnel Hasanovic on Unsplash

Despite concerns about the economy, U.S. Census Bureau data shows that consumers increased their spending during the 2023 holiday season:

Core retail sales during the 2023 holiday season grew 3.8% over 2022 to a record $964.4 billion, according to U.S. Census Bureau data. The results easily met the National Retail Federation’s forecast that holiday sales would increase between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion.

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