Booming US economy helps spread Christmas cheer
Holiday sales rose by more than 3 percent this year – with an 18.8 percent increase in online shopping – as more plentiful jobs and fatter paychecks put American consumers in a spending mood this Christmas season.
Holiday sales rose by more than 3 percent this year – with an 18.8 percent increase in online shopping – as more plentiful jobs and fatter paychecks put American consumers in a spending mood this Christmas season.
Pro-U.S. trade deals in the latter half of the year, have also helped drive the U.S. stock market to record levels – making for what White House economic adviser Larry Kudlow calls a “terrific” economy.
“We are in a middle-class boom," Kudlow told FOX Business’ “Bulls and Bears” last week. "Wage-earners, people on the production line are making faster wage increases than their managers. Average income nationwide is up $5,000 after-tax, in the prior two administrations it was flat.”
President Trump helped spread the good news with a Twitter message on Christmas Day.
“2019 HOLIDAY RETAIL SALES WERE UP 3.4% FROM LAST YEAR, THE BIGGEST NUMBER IN U.S. HISTORY,” Trump wrote. “CONGRATULATIONS AMERICA!” Click here for more.
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