Holiday Spending: A Tale of Two Incomes

Gallups latest poll reveals a mixed bag for holiday shoppers. Despite inflation and job cuts, overall spending on gifts remains steady at around one thousand dollars. However, a stark income divide emerges, with lower-income households planning to spend less and higher-income households slightly more. The job market also presents challenges, with a sixty-five percent increase in job cuts this year. This complex economic landscape shapes the holiday shopping experience for many families. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.