Mastercard SpendingPulse sees 3.7% gain in holiday sales
PURCHASE, N.Y. — U.S. retail sales for the upcoming holiday season are expected to increase 3.7% year-over-year (YOY), according to Mastercard SpendingPulse, which describes the projected increase as a sign of continued consumer resilience. During the 2022 holiday shopping season, inflationary pricing and pent-up demand, coupled with excess savings and rising wages allowed consumers and