Our latest insights dig into Holiday Sales and explore the resilient US consumer.
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Key Takeaways:
•Holiday spending in 2023 exhibits a robust year-over-year growth of over 200 basis points.
•Consumers, fortified by historically low mortgage rates, remain resilient in the face of rising interest rates.
•Strategic financial decisions, such as terming out significant loans, contribute to the sustained strength in consumer spending.
•Revolving credit, though reaching new highs, is still below the 2012-2019 average, suggesting potential for further expansion.
•Ongoing vigilance on the labor market is essential to monitor potential risks to the consumer-driven economic firewall.
bmt.com/two-the-point-holida…