The Epoch Times
The Epoch Times
AD
The Epoch Times
Support Us

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.
Author’s Selected Articles

Social Security Announces New Service Updates for Account Holders

Aug 23, 2025
Social Security Announces New Service Updates for Account Holders

DHL Among Major Couriers Suspending Business Customer Parcels to the US

Aug 22, 2025
DHL Among Major Couriers Suspending Business Customer Parcels to the US

Half of New Electric Generation in 2025 Will Come From Solar: EIA Forecasts

Aug 21, 2025
Half of New Electric Generation in 2025 Will Come From Solar: EIA Forecasts

FTC Sues Gym Chain for Making It ‘Exceedingly Difficult’ to Cancel Memberships

Aug 21, 2025
FTC Sues Gym Chain for Making It ‘Exceedingly Difficult’ to Cancel Memberships
Related Topics
consumer confidence
inflation
Holiday Shopping
high prices
Add to My List
Save
The Epoch Times
To ensure we reach the high standards of reliability and neutrality that you expect from us, we are engaging with Ad Fontes Media to analyze our content. If you find an article you think falls short of the standard, please submit the link through this form.
Copyright © 2000 - 2025 The Epoch Times Association Inc. All Rights Reserved.