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Apparently most Americans are not feeling festive And people are planning to spend less on holiday gifts this year, according to a new survey.
as the country is struggling Concern over the state of the economy, referendum by nbc news found that 55 percent said they would spend less on gifts this Christmas compared to last year, while 36 percent said they would spend about the same.
In contrast, only 9 percent said they intended to spend more on gifts this holiday season.
Two-thirds of those making less than $50,000 said they will spend less this year, compared with 54 percent of Americans who make more than $50,000 and less than $100,000, according to the survey, which comes ahead of one of the busiest shopping weekends of the year.
Its findings are consistent with a more recent survey on holiday spending that found Americans are cutting back due to macroeconomic uncertainty.
According to , nearly two in five American consumers (42 percent) say they intend to spend less this holiday season than in 2024. 2025 Economic Impact Survey Commissioned by Nationwide Insurance Company.
And from another survey The Associated Press-NORC Center for Public Affairs Research revealed that a majority of American adults say they have seen the prices of groceries, electricity and holiday gifts higher than usual in recent months.
The sobering findings come after a poll this week found Americans are becoming more frustrated with the way President Donald Trump is handling the economy.
latest NPR/PBS News/Marist Survey found that 57 percent of respondents disapproved of Trump’s economic management, while 36 percent approved of it – the lowest rating on the issue in his two terms in office.
The weak support on the economy is likely causing a decline in the Republican president’s overall approval rating, which stands at 38 percent, the worst rating recorded since he left the White House in 2021.
According to the survey, nearly one in three respondents said their personal financial situation is set to get worse in 2025, and almost the same number expect their financial situation to get worse next year.
“This is a main problem For them, Lee Miringoff, director of the Marist Institute for Public Opinion, told pbs news“When affordability is so front and center in people’s minds, it will be laid at the door of the chief executive,”
During an address to the nation Wednesday night, the President attempted to convince the American people that grocery prices are “falling precipitously” and promised an “economic boom” in 2026.
Brandon Rasius contributed reporting.