“Nothing can stop Americans’ love of celebrating the holidays — not even rising prices and economic uncertainty,” Kimberly Palmer, personal finance expert at NerdWallet, said in a release. “That means many shoppers feel squeezed financially and are taking on more debt to handle the extra demands on their budget.”This year’s holiday shopping survey interviewed 2,075 U.S.
But most consumers are approaching gift giving differently this year because of inflation: 36 per cent are giving different types of gifts, while 35 per cent are spending less per person. About two-thirds of shoppers are planning to hit the Black Friday or Cyber Monday sales this year, but presents aren’t the only things they will be shopping for that weekend. The survey found that 30 per cent anticipate spending the most on necessities for their homes or families instead of gifts.Article content
the Financial Post’s Larysa Harapyn that spending will be down about 17 per cent compared to last year.
The one thing you dodnt mention was Salaries. Media rarely talks how wages fit in. Especially when rising peices mean RISING PROFITS...where are the raises?
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