The holidays are a time for giving and receiving, but this year, many people will be giving less than they normally do.
Anticipated spending on Christmas gifts is the lowest it has been in four years, according to a recent Gallup poll. Shoppers in the United States surveyed last month reported that they expect to spend an average of $805 total on gifts this year. In 2019, shoppers spent roughly $942, and at least 28% of this year’s shoppers say that they plan to spend less than they did last Christmas.
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