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Record-Breaking Holiday Spending

Behavioral Economics

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1. What was the total online spending on Cyber Monday 2024?

  1. $10.8 million
  2. $15.8 million
  3. $13.3 billion
  4. $41 billion

RECORD-BREAKING HOLIDAY SPENDING | DECEMBER 6, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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1. What was the total online spending on Cyber Monday 2024?

  • $10.8 million
  • $15.8 million
  • $13.3 billion
  • $41 billion

RECORD-BREAKING HOLIDAY SPENDING | DECEMBER 6, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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2. What percentage of Cyber Monday sales came from mobile devices?

a) 41%

b) 57%

c) 63%

d) 75%

RECORD-BREAKING HOLIDAY SPENDING | DECEMBER 6, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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2. What percentage of Cyber Monday sales came from mobile devices?

a) 41%

b) 57%

c) 63%

d) 75%

RECORD-BREAKING HOLIDAY SPENDING | DECEMBER 6, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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3. Which of the following was NOT mentioned as a popular item during the 2024 holiday shopping season?

  • Toys
  • Gaming consoles
  • Furniture
  • Electronics

RECORD-BREAKING HOLIDAY SPENDING | DECEMBER 6, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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3. Which of the following was NOT mentioned as a popular item during the 2024 holiday shopping season?

  • Toys
  • Gaming consoles
  • Furniture
  • Electronics

RECORD-BREAKING HOLIDAY SPENDING | DECEMBER 6, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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4. What percentage discount did electronics reach during the 2024 holiday sales?

  • 10%
  • 15%
  • 20%
  • 30%

RECORD-BREAKING HOLIDAY SPENDING | DECEMBER 6, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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4. What percentage discount did electronics reach during the 2024 holiday sales?

  • 10%
  • 15%
  • 20%
  • 30%

RECORD-BREAKING HOLIDAY SPENDING | DECEMBER 6, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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5. True or False? The use of AI-powered chatbots for online shopping increased by 1,950% from 2023 to 2024.

  • True
  • False

RECORD-BREAKING HOLIDAY SPENDING | DECEMBER 6, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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5. True or False? The use of AI-powered chatbots for online shopping increased by 1,950% from 2023 to 2024.

  • True
  • False

RECORD-BREAKING HOLIDAY SPENDING | DECEMBER 6, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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You’ve completed the exercise, now it’s time to learn

more about the current event:

RECORD-BREAKING HOLIDAY SPENDING | DECEMBER 6, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

Did you do any shopping on Black Friday or Cyber Monday? Did social media and ads play a role in your choices?

RECORD-BREAKING HOLIDAY SPENDING | DECEMBER 6, 2024 EDITION | NEXT GEN PERSONAL FINANCE

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Extend Your Learning

Relevant Resources from NGPF:

  • Which factor has the MOST negative influence on money habits? (Question of the Day)
  • Social Media and Spending (Lesson)

References:

  • Cyber Monday was the biggest US online shopping day ever (CNN)
  • Consumers spend record $6.1 billion online during Thanksgiving day (CNBC)
  • Toys, electronics and video games fuel record-breaking Cyber Monday (KSBY)

RECORD-BREAKING HOLIDAY SPENDING | DECEMBER 6, 2024 EDITION | NEXT GEN PERSONAL FINANCE