Consumers Spending More This Season - Other News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Consumers Spending More This Season

Consumers Spending More This Season

Consumers Spending More This Season
The content is accurate at the time of publication and is subject to change.

“Shop till you drop” may well be the mantra for some consumers this holiday season according to the new Mastercard Spending Pulse report, showing that consumers will be out in full force this year. Overall they project that total retail sales, will experience a 5% uptick, while e-commerce sales will be up 20% when compared with last year’s sales.

When it comes to prime time holiday shopping season (between Nov. 1 and Dec. 24) they expect that overall U.S. retail sales will be 50% higher than a decade ago, and 19% higher when compared to five years ago. For e-commerce sales the expected upswing is even more profound, with Mastercard believing that this part of the industry will be up 104% from five years ago.

Thanksgiving brings sales and digital technology

For many, the shopping season begins on Thanksgiving Day, and the data from Mastercard SpendingPulse shows that this trend is in full swing. The report indicates that sales that weekend will be up 19%, while e-commerce sales are expected to be up 137% when compared to five years ago.

The report also found that there is some shifts in how consumers will be shopping this season, with online buying and in-store shopping on the agenda along with mixed shopping experiences, like “buy online and pick up in store” options.

That said they expect to see more consumers interested in buying merchandise via social media platforms with their phones. Consumers appear to be using mobile phones to not only make purchases but do their research, with 80% of decisions being influenced by mobile technology.

Last minute Christmas shopping still in style

Do more shoppers hit the stores on Black Friday or December 23rd? According to the Mastercard SpendingPulse forecast, people will be out in full force on both days, with indicators for both Sunday, Dec. 23, and Black Friday, Nov. 23 showing the same sales volume.

How much will consumers spend during the last few days before Christmas? They expect consumers will spend $60 billion during that weekend, and that’s up 50% from a decade ago, and up 19% from five years ago.

For the Mastercard SpendingPulse report, they base their findings on aggregated sales activity gleaned from the Mastercard payments network. They also use information gained from surveys to determine data for other forms of payment, like cash and check.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Holiday Shopping is Trending
Holiday Shopping is Trending

Posted: December 11, 2018

Shopping is definitely in style this holiday season with consumers, according to the new TD Bank Holiday Retail Report, on average they will be spending $530 on gifts. What are the trending gift-giving categories this season? Gift cards… Continue reading

Barclays Removes Price Protection
Barclays Removes Price Protection

Posted: October 14, 2019

Barclays is making changes to their credit card benefits and plans to remove price protection on November 1, 2019.
The price protection benefit allows you to get (aka refund) the price difference if the price of a purchased item goes down… Continue reading

Two New Credit Cards from Capital One and Walmart
Two New Credit Cards from Capital One and Walmart

Posted: September 25, 2019

Capital One and Walmart are will be rolling out two new credit cards. Individuals who apply for and get the Capital One Walmart Rewards MasterCard will be able to use it to shop anywhere that accepts MasterCard, while those with the… Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
The Citi Rewards+SM Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
For Excellent, Good Credit
Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
For Excellent, Good Credit
Perfect credit not required for approval; we may approve you when others won’t
For Fair/Bad Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!