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Story perspectives

Holiday Sales Surge, But Consumer Confidence Plummets

1/20/2025

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Summary

Story summary

U.S. holiday retail sales hit a record $994 billion in late 2024, up 4% from 2023.
Online sales grew by nearly 9%, with furniture stores experiencing a 5.6% increase.
Consumer credit card debt reached $1.2 trillion, reflecting cautious spending habits.
Despite robust spending, consumer confidence fell in December, raising concerns for 2025.

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Story summary

U.S. holiday retail sales hit a record $994 billion in late 2024, up 4% from 2023.
Online sales grew by nearly 9%, with furniture stores experiencing a 5.6% increase.
Consumer credit card debt reached $1.2 trillion, reflecting cautious spending habits.
Despite robust spending, consumer confidence fell in December, raising concerns for 2025.