Name: Americans set to spend over a trillion dollars this holiday season
Uploaded: 2025-11-30T02:42:54.142Z
Duration: 2 min 5 s
Description: Americans spent a record $12 billion online on Black Friday this year, according to Adobe Analytics. Ali Bauman reports on how rising prices are impacting shoppers.

Americans spent a record $12 billion online on Black Friday this year, according to Adobe Analytics. Ali Bauman reports on how rising prices are impacting shoppers.

New York

Americans are expected to spend more than $1 trillion during the holiday season, marking a new record according to industry projections. Despite inflation, tariffs, and the lowest consumer sentiment in three years, both in-person and online shopping activity has increased, with 186 million Americans expected to shop through Cyber Monday.

Surveys indicate that most consumers feel prices have risen, yet many still consider holiday spending essential. Small businesses have reported raising prices due to tariffs, while popular purchases include electronics and home appliances. The National Retail Federation notes that shoppers have not yet completed half of their intended purchases, suggesting spending may continue to rise.

Americans set to spend over a trillion dollars this holiday season

On the CBS Money Watch, Americans spent records amounts online Friday, $12 billion according to Adobe Analytics. CBS's Allie Bauman in New York reports how rising prices are impacting shoppers. Good evening, Jerrica. For the first time ever, Americans are projected to spend over a trillion dollars this holiday season. Despite concerns of tariffs and inflation, shoppers are hunting for deals and opening their wallets. Shoppers are turning out across America, including at New York's Bank of America Winter Village at Bryant Park, looking for bargains for the holidays. If I looked for a deal anywhere, I could find it, but it wasn't easy. The National Retail Federation projects a record 186 million Americans will shop in person and online through Cyber Monday. That's three million more from last year. That, despite the lowest consumer sentiment in three years, which measures how people feel about their own finances and the economy. It's a little expensive, but making it work, getting less than usual. A CBS News poll shows a majority of Americans feel prices have gone up in recent weeks. Still, many view holiday spending as essential. Kathleen Cullen is with the National Retail Federation. They'll do what they can within reason to make the holidays special and meaningful. A survey of small business owners found 44% say they've had to increase their prices due to tariffs. According to Adobe Analytics, this Thanksgiving weekend, consumers spent big on items like electronics, video game consoles, and home appliances. Back at Bryant Park, shoppers are keeping their spirits bright and their wallets tight. Every time I see this kid smile and happy, it's, you know, this is worth it. And the National Retail Federation says holiday shoppers haven't even bought half of what they intend to. So, Jerica, whatever people spend this weekend could double by the 25th. All right. Ali Bauman for us tonight in New York. Thank you.

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