Will Americans trim their holiday spending? See charts - USA TODAY

Dec 6, 2024 · A separate survey found that about two-thirds of U.S. consumers said inflation and the cost of living would influence their holiday spending. About a quarter of respondents said they may reduce ...

$550
OFF

Americans Plan To Spend Less On Holiday Gifts Amid

2 weeks from now

Dec 18, 2024 · A survey by BMO found that while the average American expects to spend $550 on gifts, a third of respondents didn’t expect their holiday budgets to stretch as far as in the …

investopedia.com

61%
OFF

Consumers Start Holiday Shopping Early, But High Prices On

2 weeks from now

Oct 7, 2024 · In a survey by ESW, 61% said they’ll spend more than $600 this holiday season, compared to 48% last year. Of the people who are spending less, about 47% said the high …

forbes.com

1%
OFF

Holiday Trends Impacting Customers And How Businesses Can …

2 weeks from now

Nov 26, 2024 · As my company's holiday shopping survey reveals, customers' holiday spending targets have decreased, and 74.1% of consumers say inflation has restricted their purchasing …

forbes.com

5%
OFF

Retail Viewpoint: Consumers Are Trimming Their Holiday …

2 weeks from now

Sep 17, 2024 · Older consumers (55+) are most likely to reduce spend on gifting this year (net -5%). Consumers are waiting until after the election to start their holiday shopping. From 2019 …

alixpartners.com

57%
OFF

2024 Holiday Spending Forecast: Spending To Rise Amid Frugal Consumers

2 weeks from now

Oct 31, 2024 · Here are three best practices. 2024 Holiday shopping trends: The Gen Z effect. The 2024 holiday season will reflect growing consumer preference for e-commerce. NRF’s research found that online remains the top shopping destination with more than half of survey respondents (57%) saying they plan to use digital channels for their holiday ...

the-future-of-commerce.com

53%
OFF

Consumer Holiday Budgets Haven’t Increased But Their Buying

2 weeks from now

Nov 19, 2024 · According to a recent Prosper Insights & Analytics survey, more than half of consumers (53%) say that this will affect their holiday spending plans. We’ll find out soon …

forbes.com

73%
OFF

‘Slow Shopping’ Can Save You Money This Holiday Season. Here’s …

2 weeks from now

Oct 31, 2024 · The trend toward making more mindful buying decisions can help you avoid impulse purchases and debt over the peak holiday shopping season. 73% of consumers said …

nbcnewyork.com

23%
OFF

Holiday Meals On A Budget: Insights Into Americans' Spending Habits

2 weeks from now

Dec 6, 2024 · In this piece, data from YouGov Profiles highlights how Americans are adjusting their food spending. When faced with budget pressures due to rising cost of living, 23% of …

yougov.com

84%
OFF

How Consumer Behavior Changes During The Holiday Season

2 weeks from now

Nov 15, 2023 · The biggest impact of the holiday season is a heightened price sensitivity among consumers. 84% of shoppers worry about inflation affecting their holiday spending. As wallets tighten, bargain hunting ramps up. 71% of consumers have noticed rising in-store prices over the past six months. This inflationary impact has already changed shopping ...

madisontaylormarketing.com

70%
OFF

U.S. Consumers Increased Holiday Spending This Year Even As They …

2 weeks from now

Dec 26, 2024 · Consumer spending accounts for nearly 70% of U.S. economic activity and economists carefully monitor how Americans use their money, particularly during the holidays, …

pbs.org

9%
OFF

Online Holiday Spending Rises Nearly 9%, As Deep Discounts And AI ...

2 weeks from now

Jan 7, 2025 · The holiday e-commerce results from Adobe are a promising sign for the retail industry, which will begin reporting holiday results in February.

cnbc.com

FAQs about Will Americans trim their holiday spending? See charts - USA TODAY Coupon?

How much will consumers spend this holiday season?

An ESW survey found that 37% of consumers already started their holiday shopping. It’s not even Halloween yet, but consumers already have Christmas on the brain. They’re concerned about how prices of essentials will affect their budgets. In a survey by ESW, 61% said they’ll spend more than $600 this holiday season, compared to 48% last year. ...

Why do consumers spend so much on holiday shopping?

Michelle Meyer, chief economist at Mastercard Economics Institute, said the holiday shopping season “revealed a consumer who is willing and able to spend but driven by a search for value” as seen by concentrated online spending during the biggest promotional periods. ...

How much will consumers spend on holiday shopping in 2023?

Yet, holiday shopping statistics from the National Retail Federation indicate that consumer spending this holiday is forecast to increase by 2.5% to 3.5% over the same period last year, or up to $989 billion in total holiday spending compared with $955.6 billion in 2023. ...

Why do Americans spend so much on holidays?

"When it comes to the holiday season, we know there are a number of holidays and family events and things that Americans prioritize and save for all year long,'' said NRF President and CEO Matthew Shay. Even with the overall expected increase in holiday spending, some consumers are responding to inflation and rising prices with tighter budgets. ...

Do inflation and cost of living affect holiday spending?

A separate survey found that about two-thirds of U.S. consumers said inflation and the cost of living would influence their holiday spending. About a quarter of respondents said they may reduce spending on gifts if prices continue to rise. Financial advisers recommend a holiday-specific budget to avoid overspending. ...

How does inflation affect holiday shopping?

As my company's holiday shopping survey reveals, customers' holiday spending targets have decreased, and 74.1% of consumers say inflation has restricted their purchasing budgets. With inflation, evolving customer expectations and shifting shopping habits driving customer decision-making, businesses will need to adapt to how consumers plan to spend. ...