Although spending for this Holiday Season is up from last year, so are prices…way up and we’re paying more for less.
US online shopping increased 3% on Black Friday but it was driven by a 7% jump in the average selling price. In other words, the stuff we bought last year has risen greatly in price because of The Fascist Felon’s stupid tariff policy and out of control inflation. Anyone with two working brain cells could easily figure out that if prices rise, spending rise….but we get less for our money.
“Consumers are paying more per item than last year, but it’s not stopping them from coming out and spending,” Caila Schwartz, director of consumer insights at Salesforce, told CNN in a phone interview.
While it’s difficult to definitively attribute how much of the price hikes are linked to tariffs, some of the categories experiencing the biggest price increases are exposed to tariffs.
For instance, online average selling prices on home goods (furniture, appliances, dining, art & decor) spiked 24% on Black Friday, according to Salesforce.
Even with facts and evidence to prove we’re spending way more than we did last year for the same goods and services, and getting less for them, that hasn’t stopped The Fascist Felon and what’s left of his ignorant base from spinning the fact: The United States has an ‘affordability’ crisis that has affected ALL of us, excluding The Fascist Felon and the Billionaire Class.l
McMath!
- Claim: The Fascist Felon claimed he “successfully slashed the cost of prescription medications by 800%, which is mathematically impossible.”
- Fact: He reduced prices on 15 common or costly medications, but those price drops were made possible by a Biden administration breakthrough.)
- Claim: Apparently, gas prices are “$1.99 in some places of the country,”
- Fact: Another dose of reality the demented buffoon and his ignorant base will never accept.