The 2021 Christmas Shopping Scene Looks A Lot Like 2019
Card data from DCA member Bank of America and from JPMorgan Chase show strong spending in November, and retailers are feeling positive the trend will continue through the December holidays.
There were 5.8 million more U.S. jobs in October than a year ago. Couple that with last winter’s stimulus checks and the monthly child tax credit payments some families have received and the result is a boost in peoples’ ability to spend. The availability of vaccines has also contributed to consumer confidence.