Bigger paychecks and cheap gas drive best holiday shopping season in six years


New York( CNN Business) Holiday marketings grew at their fastest speed in six years, buoyed by rising wages and a drop in gas prices.

Unfazed by volatility on Wall street, buyers inundated into storages and bought clothes and dwelling decoration online. Gas prices have dropped by more than 20 pennies a gallon over the past month, affording customers extra money for the holidays.

“Consumer confidence translated into holiday cheer for retail, ” said Steve Sadove, senior advisor for Mastercard and former CEO of Saks Fifth Avenue.

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