Retailers ready for big Cyber Monday, after record Black Friday sales

The video discusses the impact of Cyber Monday and Black Friday on the US economy, highlighting significant increases in sales, particularly in toys and jewelry. It explores consumer behavior, noting a rise in credit card usage and potential debt. Experts suggest budgeting and smart shopping strategies to avoid financial pitfalls. Maya Rodriguez shares her personal shopping experience, emphasizing the importance of deals and using points instead of cash.

What was the percentage increase in toy sales during Cyber Monday compared to an average day in the fall?

• 600%

• 400%

• 800%

• 200%

What is the record amount of American credit card debt reached in the third quarter of this year?

• $1.27 trillion

• $1.17 trillion

• $1.37 trillion

• $1.07 trillion

What percentage of shoppers plan to use credit cards for their holiday spending?

• 59%

• 29%

• 39%

• 49%

Which strategy is recommended to avoid impulsive online purchases?

• Buy immediately to secure deals

• Purchase only during sales

• Wait 24 hours before purchasing

• Use multiple credit cards

What is one of the key recommendations to avoid holiday debt?

• Ignore sales and discounts

• Set and stick to a budget

• Use cash for all purchases

• Shop without a budget