Living
Americans Cut Back on Spending With Inflation Hitting Holidays
Higher prices mean you should expect to get fewer gifts this year, according to a new survey from the Harris Poll.
Shoppers walk past Saks Fifth Avenue in New York City.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
The gift that no one wants but everyone is getting this year? Inflation.
Higher prices are hitting shoppers hard as 2022 comes to a close. That’s taking the joy out of gift-giving for a majority of Americans, according to a new survey from the Harris Poll commissioned by Bloomberg News.