Despite record sales, Black Friday underscores Americans’ reliance on debt and credit
CAT
1 min read
Quick Take According to CNBC analyst Carl Quintanilla, a staggering $9.8 billion was spent on Black Friday, reflecting a 7.5% increment from the previous year, suggesting robust consumer behavior. However, a source of concern lies in a parallel trend: many of these purchases appear to be financed through personal debt. Experian reports that the average […]
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Despite record sales, Black Friday underscores Americans’ reliance on debt and credit
