---
title: "Macrocast: The economics of holiday shopping"
description: Explore how holiday shopping trends impact the economy, consumer behavior, and credit card debt, with insights from experts on the Macrocast podcast.
image: https://pentagroup.com/hubfs/Imported_Blog_Media/Macrocast-11_3.png
---

[Skip to content](https://pentagroup.com/insight/the-economics-of-holiday-shopping#main-content)

[![Penta_Logo_1CBD83 1 (1)](https://pentagroup.com/hs-fs/hubfs/Penta_Logo_1CBD83%201%20(1).png?width=284&height=80&name=Penta_Logo_1CBD83%201%20(1).png) ](https://pentagroup.com)

- [Our Expertise](https://pentagroup.com/insight/the-economics-of-holiday-shopping#)
  
  Show submenu for Our Expertise 
  
    - <https://pentagroup.com/insight/the-economics-of-holiday-shopping#>
      
      Show submenu for 
      
          - [Intelligence](https://pentagroup.com/intelligence)
          - [Advisory](https://pentagroup.com/advisory)
          - [Campaigns ](https://pentagroup.com/creative)
          - [AI Transformation ](https://pentagroup.com/ai)
- [News & Insights](https://pentagroup.com/insight)
- [Our Work](https://pentagroup.com/case-study)
- [Our People](https://pentagroup.com/team)
- [Careers](https://pentagroup.com/careers)
- [Contact](https://pentagroup.com/contact)
- [Penta live](https://penta.live/)

- [Our Expertise](https://pentagroup.com/insight/the-economics-of-holiday-shopping#)
  
  Show submenu for Our Expertise 
  
    - <https://pentagroup.com/insight/the-economics-of-holiday-shopping#>
      
      Show submenu for 
      
          - [Intelligence](https://pentagroup.com/intelligence)
          - [Advisory](https://pentagroup.com/advisory)
          - [Campaigns ](https://pentagroup.com/creative)
          - [AI Transformation ](https://pentagroup.com/ai)
- [News & Insights](https://pentagroup.com/insight)
- [Our Work](https://pentagroup.com/case-study)
- [Our People](https://pentagroup.com/team)
- [Careers](https://pentagroup.com/careers)
- [Contact](https://pentagroup.com/contact)
- [Penta live](https://penta.live/)

![Macrocast: The economics of holiday shopping](https://pentagroup.com/hubfs/Imported_Blog_Media/Macrocast-11_3.png)

Podcasts

# Macrocast: The economics of holiday shopping

![](https://pentagroup.com/hubfs/dateIcon.png) December 1, 2023

![](https://pentagroup.com/hubfs/person.png) Ylan Mui

Analysis, Economy

In this week's episode of the Macrocast, hosts Ylan Mui, John Fagan, and Brendan Walsh are joined by Matt Dell Orfano, Discovery Capital senior analyst and professor at Columbia Business School. The group sheds light on holiday shopping activity and its wider impact on the economy, specifically highlighting changes in pricing and shifts in consumer behavior.

The group unpacks credit card usage and debt, and how they're reshaping consumer financing. They cite the steady rise in aggregate credit card debt and discuss how fluctuating wages and inflation could skew future consumer spending habits. The group also discusses the potential repercussions of a Fed policy misstep and the need for small businesses to have adequate access to financing.

 

## Contact Us

Get in touch to learn more about our products, services, & solutions

[![Penta_Logo_White](https://pentagroup.com/hubfs/Penta_Logo_White.svg) ](https://pentagroup.com)

<https://www.linkedin.com/company/penta-grp/>

<https://x.com/pentagrp>

<https://open.spotify.com/show/0t8VFvWcenkGG0u64dc2IF>

Locations

- Washington, DC
- New York
- San Francisco
- Singapore
- London
- Dublin
- Brussels
- Paris

##### Subscribe to our Newsletter

© Penta Group, LLC

[ Privacy Policy ](https://pentagroup.com/privacy-policy) [ Terms of Use ](https://pentagroup.com/terms-of-use) [ Modern Slavery Act Statement ](https://pentagroup.com/modern-slavery-act-statement) [ Cookie Declaration ](https://pentagroup.com/cookie-declaration)

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Ylan Mui",
    "url" : "https://pentagroup.com/insight/author/ylan-mui"
  },
  "dateModified" : "2025-08-26T13:22:10.582Z",
  "datePublished" : "2023-12-01T12:30:00.000Z",
  "headline" : "Macrocast: The economics of holiday shopping",
  "image" : [ "https://pentagroup.com/hubfs/Imported_Blog_Media/Macrocast-11_3.png" ],
  "mainEntityOfPage" : {
    "@id" : "https://pentagroup.com/insight/the-economics-of-holiday-shopping",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://pentagroup.com/hubfs/Penta%20Logo%20Dark%20Green%20300x84.png"
    },
    "name" : "Penta Group LLC. "
  }
}
```