BOOM: Holiday sales predicted to surpass $1 Trillion for first time…. BUST: Americans take out $50 billion in payday loans a year

Total retail sales in the U.S will hit $1.002 trillion during the Christmas holiday period, marking the “strongest growth since 2011,” according to eMarketer. In-store sales are forecast to rise 4.4 percent year-on-year, while e-commerce sales are predicted to grow …

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