Christmas Shoppers Putting Fewer Gifts Under The Tree As Recession Looms

Holiday inflation and rising Christmas shopping prices and winter holidays increase in debt due to spending and consumer price rise or hyperinflation with 3D illustration elements.

At a glance

  • If the Christmas tree looks larger this year, the reason may be the smaller pile of gifts beneath it.
  • Retail analysts expect Americans to spend roughly the same amount on holiday gifts this year as last. Yet, because of inflation, the money will buy fewer gifts. Seven fewer gifts, to be exact.
  • The average consumer plans to purchase nine presents in the 2022 holiday season, down from 16 in 2021, according to a closely watched holiday retail survey from accounting giant Deloitte.

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