Story perspectives

Inflation Strains Holiday Spending, Americans Expect Worse Ahead

12/12/2025

Summary

Story summary

Nearly half of Americans find it harder to afford holiday gifts this season due to rising inflation and living costs, according to a recent AP-NORC poll conducted from December 4-8, 2022.
About 63% of respondents report higher prices for gifts, and 68% describe the economy as "poor."
Many are changing shopping habits, with 40% dipping into savings more than usual.
President Donald Trump faces criticism for his economic handling, with only 31% approval.
Most Americans expect economic conditions to worsen in 2026, despite some optimism among Republicans.

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Story summary

Nearly half of Americans find it harder to afford holiday gifts this season due to rising inflation and living costs, according to a recent AP-NORC poll conducted from December 4-8, 2022.
About 63% of respondents report higher prices for gifts, and 68% describe the economy as "poor."
Many are changing shopping habits, with 40% dipping into savings more than usual.
President Donald Trump faces criticism for his economic handling, with only 31% approval.
Most Americans expect economic conditions to worsen in 2026, despite some optimism among Republicans.