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Inflation Forces 46% to Cut Holiday Spending

12/15/2025

45 5 Full Breakdown

Summary

Story summary

Inflation shapes holiday spending, per the CNBC All-America Economic Survey, with 46% spending less due to high prices, a significant increase from last year.
Among those spending more, 36% cite high prices, and 41% plan to spend less this year; the average gift is $1,016.
Sixty percent express negative views, the highest since December 2023.
The pessimism crosses party lines, affecting Democrats and a notable portion of Republicans.

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Story summary

Inflation shapes holiday spending, per the CNBC All-America Economic Survey, with 46% spending less due to high prices, a significant increase from last year.
Among those spending more, 36% cite high prices, and 41% plan to spend less this year; the average gift is $1,016.
Sixty percent express negative views, the highest since December 2023.
The pessimism crosses party lines, affecting Democrats and a notable portion of Republicans.