Canonical URL: https://giftcard.news/research-trends/mastercard-reports-7-6-u-s-holiday-spending-growth-in-2022-1756fa982a34/ --- description: Online purchases and restaurant spending grew as consumers adjusted gift budgets to inflation. title: Mastercard SpendingPulse reports 7.6% US holiday retail growth in 2022 image: https://giftcard.news/images/social/v1/mastercard-spendingpulse-reports-7-6-us-holiday-retail-growth-2022-21cd6690ea5bfebb335e9209af0fb853.jpg --- 1. [Home](https://giftcard.news/) 2. [Research & Trends](https://giftcard.news/research-trends/) # Mastercard SpendingPulse reports 7.6% US holiday retail growth in 2022 Online purchases and restaurant spending grew as consumers adjusted gift budgets to inflation. By [Daniel Brooks](https://giftcard.news/author/daniel-brooks/) December 26, 2022 1 min read Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-reports-7-6-u-s-holiday-spending-growth-in-2022-1756fa982a34%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Mastercard%20SpendingPulse%20reports%207.6%25%20US%20holiday%20retail%20growth%20in%202022 "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-reports-7-6-u-s-holiday-spending-growth-in-2022-1756fa982a34%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Mastercard%20SpendingPulse%20reports%207.6%25%20US%20holiday%20retail%20growth%20in%202022%20https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-reports-7-6-u-s-holiday-spending-growth-in-2022-1756fa982a34%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Mastercard SpendingPulse graphic for the 2022 U.S. holiday season](https://giftcard.news/images/variants/v1/mastercard-spendingpulse-reports-7-6-us-holiday-retail-growth-2022-graphic-u-w415.webp) Photo: Source: newsroom.mastercard.com [Mastercard](https://giftcard.news/company/mastercard/)'s preliminary SpendingPulse results showed U.S. holiday retail spending rose 7.6% between November 1 and December 24, 2022\. The estimate excluded vehicle sales, covered all payment methods and was not adjusted for inflation. Online sales increased 10.6% compared with the same period in 2021\. E-commerce accounted for 21.6% of retail spending, up from 20.9% a year earlier. Mastercard associated the increase with convenience and shoppers' access to promotions. Black Friday was the highest-spending day of the season, recording 12% year-on-year growth. December Saturdays also attracted substantial shopping. Restaurant spending rose 15.1%, reflecting demand for gatherings and experiences alongside gift purchases. Mastercard economist [Michelle Meyer](https://giftcard.news/person/michelle-meyer/) said inflation had led consumers to seek discounts and make trade-offs within gift budgets. Adviser [Steve Sadove](https://giftcard.news/person/steve-sadove/) described a heavily promotional season. The December 26 figures measured nominal spending, so the increase should not be read as an equivalent rise in items purchased. ## Sources and documents ExpandCollapse * [Mastercard reports 7.6% U.S. holiday spending growth in 2022](https://newsroom.mastercard.com/news/press/2022/december/mastercard-spendingpulse-u-s-retail-sales-grew-7-6-this-holiday-season/?utm%5Fsource=giftcard.news) — newsroom.mastercard.com ## In this article ### Companies * [Mastercard](https://giftcard.news/company/mastercard/) ### People * [Michelle Meyer](https://giftcard.news/person/michelle-meyer/) * [Steve Sadove](https://giftcard.news/person/steve-sadove/) Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-reports-7-6-u-s-holiday-spending-growth-in-2022-1756fa982a34%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Mastercard%20SpendingPulse%20reports%207.6%25%20US%20holiday%20retail%20growth%20in%202022 "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-reports-7-6-u-s-holiday-spending-growth-in-2022-1756fa982a34%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Mastercard%20SpendingPulse%20reports%207.6%25%20US%20holiday%20retail%20growth%20in%202022%20https%3A%2F%2Fgiftcard.news%2Fresearch-trends%2Fmastercard-reports-7-6-u-s-holiday-spending-growth-in-2022-1756fa982a34%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Portrait of Daniel Brooks](https://giftcard.news/images/variants/v1/daniel-brooks-editorial-portrait-w320.webp) About the author ## [Daniel Brooks](https://giftcard.news/author/daniel-brooks/) Journalist — Payments, Security & PCI DSS Daniel Brooks covers payment networks, financial technology, payment security, gift card fraud and PCI DSS for Gift Card News. From reading to building ## Your next move in gift cards. Tell us what you’re building. We’ll help you explore suitable providers. [Find a provider ](https://giftcard.news/find-a-provider/) ## Related articles [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [MENA’s Digital Gift Card Markets: A Country-by-Country Research Atlas](https://giftcard.news/research-trends/mena-digital-gift-card-markets/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 18, 2026 66 min [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [India’s Digital Gift Card Market: Growth, Consumers and Regulation](https://giftcard.news/research-trends/india-digital-gift-card-market/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 18, 2026 30 min [Research & Trends](https://giftcard.news/research-trends/) Analysis ### [AI Can Shop for You. Can It Spend Your Gift Cards?](https://giftcard.news/research-trends/ai-can-shop-for-you-can-it-spend-your-gift-cards/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 17, 2026 17 min ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://giftcard.news/#publisher","name":"Gift Card News","url":"https://giftcard.news/","logo":{"@type":"ImageObject","url":"https://giftcard.news/brand/giftcard-news-logo.svg"}},{"@type":"Person","@id":"https://giftcard.news/author/daniel-brooks/#person","name":"Daniel Brooks","url":"https://giftcard.news/author/daniel-brooks/","description":"Daniel Brooks covers payment networks, financial technology, payment security, gift card fraud and PCI DSS for Gift Card News.","jobTitle":"Journalist — Payments, Security & PCI 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