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Welcome to the Know the Difference Minute for Tuesday, November 29th.
Inflation. Increasing layoffs. Volatile stock markets. 
Not nearly enough to stop the American shopper. Black Friday was a monster with $9 billion in sales—but momentum carried through the weekend as well. Cyber Monday did not disappoint with sales topping $11 billion. 
The National Retail Federation tracks in-person and online shopping and reports almost 197 million shoppers turned out over the long weekend. And the group is sticking with it’s forecast of growth between 6 and 8%. 
Still, there’s cause for concern. Savings rates are down. Credit card balances are up. Younger shoppers are jumping on       buy-now-pay-later programs. 
There’s also more evidence that even though we’re shopping, we’re not feeling great about it. The US consumer confidence reading fell again in November as inflation is putting the brakes on purchases of homes, automobiles, and big-ticket appliances. 
I’m Dave Spano from Annex Wealth Management.  That is your Know the Difference Minute.