An event that comes along once a year and impacts Americas economy is…the Black Friday shopping event. Black Friday is a major shopping event that occurs in several places in the United States. Black Friday is when retail stores have their biggest and best sales; shoppers come and wait for the doors to open at the shopping malls. Last year in 2012 alone, $59.1 billion dollars was spent by consumers. Each consumer that went out to shop on Black Friday was spending roughly $423 dollars, which was an increase of $25 dollars per person last year. With this kind of spending it is helping the economy grow. However, it can also hurt the economy because it could send people into debt if the money they are spending isn’t accessible to them because they are already in debt.
Weekend, Customers Flocked in to Early Store Openings on Thanksgiving Day to Scoop up "doorbuster" Deals. About 139.4 Million Adults Visited Stores Websites over the 4-day. "Black Friday: Spending and Number of Shoppers Hit Record Highs." CNNMoney. Cable News Network, 25 Nov. 2012. Web. 09 May 2013.
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