Reasons why consumers in the U.S. plan to spend less on holiday gifts 2024

Published by
D. Tighe,
Oct 7, 2024

The leading reason why consumers in the United States planned to spend less on holiday gifts in 2024, was because they made a conscious decision to tighten their budget. About three-quarters of surveyed consumers said they had done so. More than half of respondents also said they were worried about higher prices.

Leading reasons why consumers in the United States plan to spend less on holiday gifts in 2024

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Release date

September 2024

Region

United States

Survey time period

August 2024

Number of respondents

1,999 respondents

Age group

18 years and older

Supplementary notes

The source phrased the question as follows: "Why do you plan on spending less on holiday gifts this year?"

Respondents could select multiple answers.

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