The Holiday Mirage: How Record $1 Trillion Retail Spending Masked Flat Real Consumer Demand
Holiday 2025 retail spending topped $1 trillion for the first time, but inflation-adjusted data reveals real consumer demand barely budged from last year.
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Holiday 2025 retail spending topped $1 trillion for the first time, but inflation-adjusted data reveals real consumer demand barely budged from last year.
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Bank of America data reveals high-income consumer spending surged 4% in November—the fastest growth in 4 years—while lower-income households pull back. The K-shaped economy intensifies.
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Bank of America data reveals a stark spending divergence: top-third earners saw 4% growth in November 2025, the fastest in four years, while lower-income households pull back amid inflation pressures.