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Americans Plan to Scale Back on Holiday Spending This Year

A Gallup poll taken back in October asked Americans to predict how much they’ll spend on Christmas gifts this year. The average came out to $805. That’s down from $942 in 2019, down from $885 in 2018, and down from $906 in 2017. You have to go back to 2016 to find a figure lower than $805. It was $785 that year.

You can understand that, can’t you? Most of us probably plan on getting by with less this year. Spending less. Attending less parties. Visiting family less. Doing everything less. It’s just that kind of year—an “all winter but no Christmas” kind of year.

Source:

Lydia Saad, “Americans Plan to Scale Back on Holiday Spending This Year,” Gallup (10-27-20)

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