NBC News published this video item, entitled “Around 166 Million Black Friday Shoppers Expected Amid Inflation” – below is their description.
166 million people are expecting to shop over the Thanksgiving weekend, up more than 8 million from last year. Lester Holt speaks with shoppers about their purchases and how they are managing their spending this holiday season.
NBC News YouTube Channel
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About This Source - NBC News
NBC News is the news division of the American broadcast television network NBC.
NBC News aired the first, regularly scheduled news program in American broadcast television history on February 21, 1940.
Black Friday is an informal name for the Friday following Thanksgiving Day in the United States, which is celebrated on the fourth Thursday of November. The day after Thanksgiving has been regarded as the beginning of the United States Christmas shopping season since 1952.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
The National Broadcasting Company is an American English-language commercial broadcast television and radio network which is the flagship property of and owned by Comcast. The network is headquartered at 30 Rockefeller Plaza in New York City, with additional major offices near Los Angeles, and Chicago.
Thanksgiving is best known as a holiday celebrated in the United States on the fourth Thursday of November every year, usually through feasting, parades and travel to see family and friends, though celebrations were scaled back during the 2020 coronavirus pandemic.
The roots of the modern celebration lie in settlers celebrating their arrival in the Americas in the early 1600’s. It has been a public holiday since 1941 due to federal legislation, an annual tradition in the United States by presidential proclamation since 1863 and by state legislation since the Founding Fathers of the United States.
Traditionally, Thanksgiving has been a celebration of the blessings of the year, including the harvest. What Americans call the “Holiday Season” generally begins with Thanksgiving. The first day after Thanksgiving Day—Black Friday—marks the start of the Christmas shopping season.