Half of Holiday Shoppers Plan to Spend Less This Year as Americans Brace for Economic Challenges
Momentive Global Inc. (MNTV)
Company Research
Source: Business Wire
1 in 4 parents with kids under 18 are expecting to go into debt while shopping this holiday season SAN MATEO, Calif.--(BUSINESS WIRE)--Amid concerns over inflation and a potential recession, just over half (51%) of shoppers in the U.S. plan to spend less this holiday season compared to last year, according to SurveyMonkey research from Momentive.Ahead of the holiday season, more than 3,000 U.S. adults were surveyed to better understand how Americans are planning to change their holiday spending habits this year, if at all. With continued economic turbulence and supply chain delays, many reported planning on cutting back spending compared to years prior. In fact, consumers planning to spend less money this holiday season said the rising cost of food (64%), energy (49%), and housing (39%) are to blame. In addition, the majority of U.S. adults (68%) stated that they are very concerned about inflation, with 23% being somewhat concerned.While some shoppers plan on cutting back costs, ot
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