USA Holiday Shoppers Are Drawn by Store Discounts But Can They Afford It?

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Yesterday's Cyber Monday promised to become the largest online sales day in history. During the peak hour of 8 pm to 9 pm Pacific, shoppers could have spent $13 million per minute, according to Adobe Digital Insights, which tracks online spending.

U.S. shoppers are on track to spend more than $755 billion during the holiday shopping season in what's expected to be a new sales record despite the coronavirus recession.  But can they afford it?