“…A record number of Americans say they won’t be buying holiday gifts this year”
November 26, 2021
“The rising prices for fuel, grocery items and other goods are weighing on many shoppers’ minds. Consumer confidence hit a 10-year low in November, according to the University of Michigan Consumer Sentiment Index, as inflation climbed to the highest levels since the early 1990s. Shoppers are spending, but they’re increasingly nervous about opening their wallets…
This holiday, 11.5% of people plan to sit out the season by not spending anything on presents, gift cards or other items for entertaining, according to a survey by Deloitte. That’s a record amount of Americans on the sidelines, for as long as the consulting firm has been keeping track…”