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2022 Holiday Spending Intentions

In its new consumer survey, 29% of consumers cite finances and economy as reasons why they plan to spend less this year.

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By: Christine Esposito

Editor-in-Chief

Increased negativity about the economy and their own personal finances is causing 29% of US consumers to think about spending less this holiday season, according to a recent holiday purchase intentions consumer survey from The NPD Group, which recently merged with Information Resources, Inc. (IRI). While the majority of shoppers plan on spending the same or more than last year, the share of consumers who plan to spend less this year increased over last year. As a result, spending on par with ...

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