Shoppers spending less during the holidays
According to the latest report on holiday shopping, 56% of Americans won’t be able to buy as many gifts as they’d like this year due to inflation. Considering that 96% of Americans buy gifts for their families and spend an average of $1,000 each Christmas, it can dampen the holiday spirit. According to Nerd Wallet, 27% of shoppers said they’ll probably go into more debt than usual to purchase holiday gifts this year, and 74% said they’ll use credit cards to shop. Many Americans say they’ll consider dipping into savings or using cash advance apps, personal loans, or payday ...