Black Friday originally referred to a financial crisis, specifically the crash of the U.S. gold market on September 24, 1869. Two Wall Street financiers, Jay Gould and Jim Fisk, tried to corner the gold market, causing the stock market to plunge. The term later took on a more positive connotation in the 20th century, when it became associated with post-Thanksgiving shopping.
By the 1950s, police in Philadelphia began using “Black Friday” to describe the chaos caused by crowds of shoppers flooding into the city the day after Thanksgiving. Retailers eventually embraced the term, associating it with turning their financial statements from “red” (losses) to “black” (profits) due to high sales.
Benefits for Senior Citizens on Black Friday
Seniors can take advantage of Black Friday discounts in several ways:
- Discounts on Necessities:
- Many retailers offer discounts on food, clothing, and household essentials, which can help seniors save on their fixed incomes.
- Electronics and Accessibility Tools:
- Technology like smartphones, hearing aids, or home safety devices are often heavily discounted.
- Special Senior Discounts:
- Some stores provide additional savings for seniors, even during Black Friday.
- Early Access Sales:
- Seniors can often shop early during less crowded hours to avoid overwhelming crowds.
Online vs. In-Store Black Friday Shopping
Pros of Shopping Online:
- Convenience:
- Seniors can shop from home without dealing with crowds or long lines.
- Accessibility:
- Online retailers often have user-friendly interfaces and offer home delivery.
- Comparison Shopping:
- It’s easier to compare prices across multiple stores quickly.
- Exclusive Online Deals:
- Many retailers provide online-only discounts, sometimes starting earlier than in-store sales.
Cons of Shopping Online:
- Shipping Delays:
- Items may not arrive in time, especially during the high-demand Black Friday period.
- Security Concerns:
- Risks of phishing scams or identity theft if shopping on unsecured websites.
- Product Quality:
- Items might not match descriptions or expectations, leading to potential return hassles.
- Tech Challenges:
- Seniors unfamiliar with online shopping platforms might find navigation tricky.
Pros of Shopping In-Store:
- Immediate Gratification:
- Purchases can be taken home right away.
- Physical Inspection:
- Seniors can see, touch, and try out products before buying.
- Local Deals:
- Some in-store promotions are exclusive and not available online.
- Social Interaction:
- Shopping in-store can be a social activity, especially during festive seasons.
Cons of Shopping In-Store:
- Crowds and Long Lines:
- Busy stores can be overwhelming or unsafe for seniors.
- Limited Stock:
- Popular items may sell out quickly.
- Travel and Mobility Issues:
- Seniors may face challenges getting to and navigating stores.
Tips for Seniors During Black Friday:
- Plan Ahead:
- Research deals online before shopping.
- Use Loyalty Programs:
- Many stores offer additional discounts for members.
- Shop Early:
- Avoid peak hours to reduce stress and crowds.
- Stay Secure Online:
- Shop on reputable websites and use secure payment methods.
- Focus on Necessities:
- Prioritize items you genuinely need to avoid overspending.
Both online and in-store shopping have their benefits and challenges, so the choice depends on individual preferences, mobility, and comfort with technology. Have fun shopping!
Happy Black Friday!
-Phan Trần Hương-