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Holiday spending best in three years

UNDATED (WTVB) - This year's holiday sales growth is the best in three years thanks largely to retailers' deep discounts and increased promotions. The SpendingPulse report from MasterCard Advisors shows holiday sales rose 2.3% between November 1st and December 24th. Consumers spent big on items like jewelry and children's clothing, while spending less this year on electronics and luxury items. Analysts say the holiday sales results for 2013 are especially noteworthy because wages are stagnant for many Americans, there were fewer shopping days between Thanksgiving and Christmas, and bad weather impacted sales in some areas of the U.S.

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