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Rising Prices Force Families to Cut Holiday Budgets

12/17/2025

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Story summary
  • A survey by the Associated Press and NORC finds rising prices tied to U.S. President Donald Trump’s policies are pushing Americans to tighten holiday budgets.
  • Nearly half of respondents say it is harder to afford gifts, with many delaying purchases and cutting nonessential spending.
  • Trump downplays these challenges, suggesting families can forgo certain items.
  • Aides reportedly urge Trump to focus on affordability to regain public support.