Opinion: November 30, 2021. Why Was Cyber Monday disappointing This Year?

Cyber Monday’s online-only sales dropped 1.4% this year (2021) compared to last year (2020). Consumers spent US$ 10.7 billion, down from US$ 10.8 billion last year. This is the first time something like this has occurred.

Experts have stated that this decrease of spending on Cyber Monday this year, could be a sign that consumers could be spreading their holiday spending over several weeks. Adobe reported that from November 1, 2021 through Cyber Monday (November 29, 2021), Americans spent US$ 109.8 billion online, representing an 11.9% increase compared to 2020.

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This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.