Story perspectives
42% of Americans Cut Holiday Spending Amid Economic Woes
12/19/2025
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Story summary
- A survey finds 42% of Americans plan to reduce holiday spending due to economic uncertainty.
- Forty-nine percent intend to buy fewer gifts.
- Twenty percent do not plan to purchase any gifts.
- The National Retail Federation projects $890 per person in holiday spending, down from $902 last year.
- Beyond the holidays, consumers delay major life decisions because the economy may worsen in 2026 and they prepare for challenges ahead.
