By Matt Egan, CNNNew York (CNN) — Enticed by deep discounts, Americans are expected to celebrate Cyber Monday by spending a record-setting $12 billion online shopping. Americans are expected to spend $37.2 billion in online shopping during Cyber Week, the five days from Thanksgiving to Cyber Monday, according to Adobe Analytics. Americans spent $9.8 billion online shopping on Black Friday, up 7.5% year-over-year, according to Adobe Analytics. In another sign of sturdy consumer spending, Americans continue to travel aggressively. That’s down 63 cents from the peak in September and marks 60 consecutive days of falling gas prices.

Source: CNN November 27, 2023 18:06 UTC