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Consider This from NPR

Black Friday and Beyond

Consider This from NPR

NPR

News, Daily News, Society & Culture, News Commentary

4.26.2K Ratings

🗓️ 24 November 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

Consumer spending is a huge part of the economy and sends a strong signal about how Americans feel about the financial health of the country.

Host Scott Detrow speaks with NPR business correspondent Alina Selyukh about what Black Friday shopping says about where the economy has been and where it might be headed.

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Transcript

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0:00.0

The arrival of...

0:03.0

Sorry, I ate my Thanksgiving leftovers right before I tracked, which was actually a horrible idea.

0:08.0

Sorry. Okay, so we have polished off our Thanksgiving dinner and put the leftovers in the fridge and that means the holiday shopping season is

0:24.6

officially here for real.

0:27.0

Get Black Friday deals now at Target.

0:30.0

Thousands of Black Friday deals are coming to Best Buy.

0:33.0

12 a.m. so hour, so morning, been online since yesterday.

0:37.0

Press miles, but I need coffee.

0:39.0

Five-year early word special.

0:41.0

Not today.

0:42.0

It's Black Friday. Gotta go to Black Friday, Black Friday.

0:43.0

Gotta go to colds on Black Friday.

0:46.0

Whether or not you miss the alleged good old days of lining up at the crack of dawn

0:50.0

to get that tickle me Elmo or 50 inch smart screen TV or whatever

0:55.0

or nowadays you play it safe and do your shopping from the comfort of your own home.

0:59.0

It is the time of year when many Americans are on the lookout for deals on holiday gifts

1:04.6

and stuff for themselves let's be real about that. But that's only if they feel like

1:10.2

they have the extra money to spend. People know, people love Black Friday because they know it's the biggest breadth of discounts.

1:16.5

Katie Thomas is with the Carney Consumer Institute and studies consumer buying habits.

1:21.2

What we've seen really in the last year or so is very much like a Where Now, Buy Now mentality,

1:27.7

which means that because people are tight on money, they actually tend to wait until they feel like they really need something.

1:34.8

The arrival of Black Friday and holiday sales provides the perfect excuse for many people to buy what they've been eyeing

...

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