Black Friday is known as the biggest sale event of the year, but is it truly the best deal? 

The term “Black Friday” has been used across America for over 50 years, and it originally referenced the stock market crash in the 1950s. Many people use this holiday to buy Christmas gifts because of the significant discounts, yet some question whether the deals are genuinely worthwhile. 

According to Fox news this year, Black Friday sales in the U.S. reached $9.5 billion, and the average discount was 31%. It’s clear that stores profit heavily from these sales, yet some believe they create these promotions to encourage spending. 

Studies have shown that some companies raise the prices of their items before Black Friday, but they then lower them back to their original cost  during the sale. For example, some popular products, such as the Shark Airwrap vacuum, only saw a small price drop, from $280 to $240, and this caused debate on social media. Many consumers felt that the discount wasn’t impressive, so they wondered whether these sales truly were worth it. 

Additionally, many brands use Black Friday as an opportunity to clear out unwanted inventory. Brands often discount items that have struggled to sell or are overstocked, knowing that shoppers are likely to buy them anyway. 

Others argue that consumers are drawn into Black Friday sales by the perception of saving money, even though they might not have purchased the items otherwise. 

Therefore, while Black Friday can be a great way to save money on items you were already planning to buy, it can also lead to unnecessary spending if you’re tempted by deals on items you don’t need. 

Furthermore, some people believe that Black Friday causes impulsive buying, and others feel that the event is overrated because of these practices. 

Black Friday can still provide an opportunity to find worthwhile savings. Despite its controversies, the day remains a major economic boost, so it’s likely here to stay.