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Americans Plan to Spend More This Year’s Holiday Season Despite Rising Prices and Product Shortages: Survey

Americans Plan to Spend More This Year’s Holiday Season Despite Rising Prices and Product Shortages: Survey
A woman carries shopping bags in New York on Dec. 10, 2020. Mark Lennihan/AP Photo
Naveen Athrappully
Naveen Athrappully
12/9/2021|Updated: 12/9/2021
Americans plan on spending more this holiday season despite lingering concerns about inflation, shortages and high prices, with many fearing the economy will fare worse next year, according to a recent CNBC survey.

Based on data from the quarterly CNBC All-America Economic Survey, people are willing to spend $1,004 on average for buying gifts, an increase of about 13 percent from 2020 and the highest in three years, indicating a slight but shaky return of consumer confidence and disposable income. Back in 2018, the number was at $1,118, while in 2014, it was $765.

Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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Related Topics
consumer confidence
inflation
Holiday Shopping
high prices
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