According to the data, 48.2 percent of the 1,100 U.S. consumers surveyed “will spend less money due to inflation during holiday shopping season in 2022,” and just 20.9 percent said they will spend “more.” About 16 percent said their spending will remain the same:
Americans, on average, plan to spend a total of $941 during holiday shopping season in 2022. This represents a 3.4% decrease compared to 2021 .“Gifts” have been identified as the retail category most affected by inflation , followed by electronics , clothing , food , and beauty . When asked to identify their “biggest concerns” ahead of the holiday shopping season, which generally kicks off on Black Friday, most, 56.4 percent, said inflation. Another 46.4 percent said “funds” in general, and 41.8 percent identified “item stock” as a top concern.Only one in five Americans identified the Chinese coronavirus as a concern this holiday season.
The survey coincides with similar data, showing Americans cutting corners for the Thanksgiving holiday due to high prices.last month, for example, found that one in four are planning to skip Thanksgiving altogether, and one in five are unsure if they will even be able to cover the costs of the holiday.
Several Thanksgiving staples have soared in price this year. Turkey and other non-chicken poultry, for instance, is up 16.9 percent.
Biden really screwed the pooch on this one
Holidays are for 🐑🐏🐑🐏who want an excuse to be gluttons
we will BUY less. we wont SPEND less. thats the problem. Bidenomics!!! but we deserve it. none so blind as ththise that will not see! we are idiots and deserve it.
No one in my family is getting a gift from me from a store. Everyone is getting an envelope with the money I would have spent on a gift. I feel this is more important than a gift they may or may not want. With money they can spend it on what they want or need.
It’s more than half. Much more!
Thanks JoeBiden
I will spend same…but get much less in return.
I only go to the bar two nights a week instead of four. Biden is really putting a crimp in my style.
Here's the turkey that caused this mess
In related news, nearly half of consumers are maxed out on their credit cards.
We should be spending less regardless. That’s not what Christmas is supposed to be about to begin with.
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