Marketdash
Back to News

Cyber Monday Spending Hits $9.1 Billion, But Split Reveals Two Very Different Americas

MarketDash Editorial Team
6 days ago
Cyber Monday sales climbed 4.5% to $9.1 billion through early evening, but the shopping frenzy revealed a troubling divide: wealthy households splurged freely while lower-income families scrambled for discounts, underscoring what economists call a K-shaped recovery.

Two Shopping Experiences, One Holiday

Cyber Monday gave us a decent sales bump and a sobering economic lesson. U.S. shoppers spent $9.1 billion online through 6:30 p.m. ET, up 4.5% from last year, according to Adobe Analytics data reported by Reuters. The platform, which tracks over a trillion visits to online shopping sites, expects the final count to land between $13.9 billion and $14.2 billion.

That caps off a solid holiday shopping stretch that kicked off right after Thanksgiving. Black Friday pulled in $8.6 billion online by evening, up 9.4% year-over-year. Overall holiday spending from Nov. 1 through Nov. 27 hit $99.6 billion, climbing 6.8% from last year.

The Growing Divide

The numbers look healthy on the surface, but dig deeper and you'll find something uncomfortable: we're watching two completely different shopping experiences unfold. Wealthy households are buying freely, while lower-income families are hunting desperately for deals and discounts across every platform.

This is what economists mean when they talk about a K-shaped economy—one where the top keeps climbing while the bottom gets stuck or slides backward. Cost-of-living pressures are hammering low-income households particularly hard.

A Bank of America Institute study from last week found that about 24% of U.S. households spend 95% of their income just on necessities. That leaves almost nothing for extras or savings.

"Higher income and lower income households are living in two different worlds," Bank of America Institute Economist Joe Wadford said.

So yes, Cyber Monday was good for retailers. But the shopping behavior tells a more complicated story about where the American economy actually stands.

Back to News

Cyber Monday Spending Hits $9.1 Billion, But Split Reveals Two Very Different Americas

MarketDash Editorial Team
6 days ago
Cyber Monday sales climbed 4.5% to $9.1 billion through early evening, but the shopping frenzy revealed a troubling divide: wealthy households splurged freely while lower-income families scrambled for discounts, underscoring what economists call a K-shaped recovery.

Two Shopping Experiences, One Holiday

Cyber Monday gave us a decent sales bump and a sobering economic lesson. U.S. shoppers spent $9.1 billion online through 6:30 p.m. ET, up 4.5% from last year, according to Adobe Analytics data reported by Reuters. The platform, which tracks over a trillion visits to online shopping sites, expects the final count to land between $13.9 billion and $14.2 billion.

That caps off a solid holiday shopping stretch that kicked off right after Thanksgiving. Black Friday pulled in $8.6 billion online by evening, up 9.4% year-over-year. Overall holiday spending from Nov. 1 through Nov. 27 hit $99.6 billion, climbing 6.8% from last year.

The Growing Divide

The numbers look healthy on the surface, but dig deeper and you'll find something uncomfortable: we're watching two completely different shopping experiences unfold. Wealthy households are buying freely, while lower-income families are hunting desperately for deals and discounts across every platform.

This is what economists mean when they talk about a K-shaped economy—one where the top keeps climbing while the bottom gets stuck or slides backward. Cost-of-living pressures are hammering low-income households particularly hard.

A Bank of America Institute study from last week found that about 24% of U.S. households spend 95% of their income just on necessities. That leaves almost nothing for extras or savings.

"Higher income and lower income households are living in two different worlds," Bank of America Institute Economist Joe Wadford said.

So yes, Cyber Monday was good for retailers. But the shopping behavior tells a more complicated story about where the American economy actually stands.