In fact, this season has seen the strongest growth since 2011, reports USA Today. Specifically, retail sales from Nov. 1 through Christmas Eve rose 4.9% over last year, according to data from Mastercard SpendingPulse.
Some details about the numbers:
- E-sales: Not surprisingly, online sales propelled the strong year, registering a jump of 18.1% percent over last year, reports the Wall Street Journal. Generally, online sales have made up 10% of US spending, but that's expected to double in 2017. Of note: Amazon reports that 4 million people signed up for Amazon Prime memberships in one week alone during the holiday season.