Americans plan on spending more this holiday season despite lingering concerns about inflation, shortages and high prices, with many fearing the economy will fare worse next year, according to a recent CNBC survey. Based on data from the quarterly CNBC All-America Economic Survey, people are willing to spend $1,004 on average for buying gifts, an increase of about 13 percent from 2020 and the highest in three years, indicating a slight but shaky return of consumer confidence and disposable income. Back in 2018, the number was at $1,118, while in 2014, it was $765. “I think it will be a good Christmas,” Jay Campbell, partner at Hart Research Associates, the Democratic pollsters for the survey, said to the media outlet. “People will be spending and consumers are willing, eager and mostly able to get out of their houses and back into stores to spend those dollars.” The survey found that …
Americans Plan to Spend More This Year’s Holiday Season Despite Rising Prices and Product Shortages: Survey
December 9, 2021
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Business & Economyconsumer confidenceeconomyhigh pricesHoliday ShoppinginflationSocial IssuesUSUS News
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