Tightened budget but spending does not decrease! US holiday season retail sales increased by 4% year-on-year.

The Zhitong Finance APP learned that, according to preliminary data released by Visa (V.US) and MasterCard (MA.US) on Tuesday, during this year's holiday season, despite the pressure of budget tightening on American citizens, the demand for replacing electronic products and buying new clothes remains strong, which has driven a year-on-year growth of approximately 4% in retail sales of American retailers.