Cyber Monday has evolved into the biggest online shopping day of the year, with consumers expected to spend a record $13.2 billion, increasing by 6.1% from last year.
Many U.S. consumers continue to experience sticker shock from post-pandemic inflation, but strong retail sales signal that spending remains robust despite the rising costs.
Credit card debt and delinquencies are on the rise, leading to more consumers opting for 'buy now, pay later' schemes to manage holiday shopping expenses.
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