PSCU Payments Index December 2021: Deep Dive on Holiday Spending Part II

Summary: In the December 2021 edition of the PSCU Payments Index, we see that strong consumer purchasing continued through the peak of the holiday shopping season, with mixed results among the larger retailers amidst a shifting tone from the Fed on inflation. This month, we present the second in a three-part Deep Dive into 2021 Holiday Spending. As new uncertainties of COVID-19 variants and what has become the longer-term impacts of inflation on the recovering economy materialize, the PSCU Payments Index continues to evolve. We continue to focus more on year-over-year changes and fewer comparisons to pre-pandemic 2019.