Wealthy Shoppers Splurge As Lower-Income Households Hunt For Deals On Cyber Monday: Consumers Spend $9.1 Billion Online
Online shopping on Cyber Monday highlighted a stark contrast in consumer behavior, as wealthier shoppers splurged on holiday purchases, while lower-income households chased deals across all major shopping platforms. Cyber Monday Sales Surge U.S. shoppers spent $9.1 billion online on Cyber Monday, up 4.5% year-over-year, through 6:30 p.m. ET, tracked by Adobe Analytics, according to a Reuters report. See Also: JP Mor…
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