Americans expect to spend more this holiday season, Gallup says
- Americans estimate they will spend an average of $975 on holiday gifts this year, a $100 increase from last year, according to a Gallup survey.
- Middle-Income Americans are driving the increase in spending intentions, with households earning $40,000 to $99,999 planning to spend $200 more than last year.
- Women and young adults under 35 also plan to spend more compared to last year's estimates.
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High inflation has Americans cutting back on holiday spending, poll finds
Inflation may be the Grinch who stole Christmas this year as most Americans say higher prices have led to cutbacks in holiday spending. A Monmouth University Poll released Thursday found that 55% of respondents say they are cutting back on their holiday shopping list this year because of high prices. That's an increase from 46% who said the same last year and 40% in 2021. The pollster said the trend was reported across all demographic groups, b…
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Leaning Left0Leaning Right2Center7Last UpdatedBias Distribution78% Center
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78% Center
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R 22%
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