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February 14, 2024

Americans ramped up spending during the holidays despite some financial anxiety and higher costs

from the pandemic. As a result, people were able to buy the gifts they had on their lists, while also helping to stimulate the economy. During the holiday shopping season, there was an increase in online purchases as many opted to stay home during the pandemic, resulting in an increase in delivery services and exchanges via mail or doorstep pickup. This resulted in a surge in the number of packages delivered, boosting the economy and helping out local businesses. Additionally, a survey found that people were more generous during the holidays this year, likely due to the effects of the pandemic. They spent more money on gifts for family, friends, and nonprofits, which provided a much-needed injection of cash to the economy.