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Gallup — Americans Plan to Scale Back on Holiday Spending This Year

Summary:
Consumers plan to spend 5 on gifts this year, down sharply from 2019More than twice as many say they are spending less, versus more, than last yearConsumer spending intentions often change over holiday seasonGallupAmericans Plan to Scale Back on Holiday Spending This YearLydia Saad

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  • Consumers plan to spend $805 on gifts this year, down sharply from 2019
  • More than twice as many say they are spending less, versus more, than last year
  • Consumer spending intentions often change over holiday season
Gallup
Americans Plan to Scale Back on Holiday Spending This Year
Lydia Saad
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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