Americans are getting more choosy about who receives a present this year
Source: Business Insider ·
A recent poll shows more than two-thirds of Americans plan to cut back on holiday spending.
From the source
One way shoppers are planning to save money this year is to buy gifts for fewer people.CARLOS JASSO / AFP via Getty ImagesHigh prices are leading many Americans to consider cutting back on holiday spending this year.A recent Ipsos poll found a growing number of people plan to give gifts to fewer people.Even if gifts themselves aren't more expensive, shoppers have been trying to stretch their budgets.High prices are sapping some of the cheer out of the holidays.A recent Ipsos poll found that current economic conditions are leading more than two-thirds of Americans to plan on cutting back on holiday spending in categories like dining out, travel, decorating, and hosting parties.Among those who said they're making cuts, two-thirds said they intend to buy fewer gifts overall, and 46% said they're getting gifts for fewer people — up sharply from 37% last year.David Brown, an entrepreneur with several lines of business in Georgia, told Business Insider his Christmas list is getting shorter…
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