PSCU Payments Index November 2023: A Deep Dive into Holiday Spending – Part I

Summary: As the holiday shopping season commences, year-over-year growth in consumer spending continues to soften with modest increases reported for both credit and debit throughout October. In the November 2023 edition of the PSCU Payments Index, we present the first installment in our annual three-part Deep Dive series on holiday spending, which has displayed lackluster results in the Goods sector and mixed results for large retailers thus far.