Inflation Has People Cutting Back On Holiday Gifts

Things might be a little lighter under the tree this year – if you can even afford a tree, that is.

With inflation continuing to go up, many Americans will be cutting back on holiday gift shopping this year.

One survey found that roughly 50% of shoppers plan on buying fewer gifts this year.

Others plan to save money by using coupons, buying in bulk, or buying used items.

The average U.S. household spends about $1,455 on holiday gifts each year.

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