Today is universally known as “Black Friday”, and globally, shoppers are expected to spend an estimated $75 billion today, marking a 5% increase from last year. The surge in spending will be driven by electronics, clothing, and beauty products, with 81% of shoppers planning to buy clothing or accessories. About 20% of consumers are projected to spend over $1,000. Household consumption accounts for around 70% of the U.S. GDP, highlighting the impact of holiday shopping on the economy.
