Holiday partying like it’s 1999?

Among the key drivers of this year’s robust holiday sales are the recent surge in e-commerce sales, the continued robust demand for food and beverages at home (groceries), and higher prices on holiday-related items.
Column chart showing holiday retail spending. See Image description for more details.

Source: Visa Business and Economic Insights, U.S. Department of Commerce

Column chart showing holiday retail spending (retail sales excluding autos, gas and restaurants, YoY percent change) is forecast to be 7.8% this holiday season, compared to 4% in 2019, 2.4% in 2018, 6.2% in 2017, 2.4% in 2016, 2.8% in 2015 and 5.1% in 2014.