Inflation Forcing Nearly 12 Percent of Americans to Ditch Christmas Gifts

Inflation Forcing Nearly 12 Percent of Americans to Ditch Christmas Gifts
People carry retail shopping bags during Black Friday events in New York on Nov. 25, 2016. Eduardo Munoz Alvarez/Getty Images
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Americans are changing their holiday shopping habits this year, a new survey by consulting firm Deloitte (pdf) has found.

According to the annual study, 11.5 percent of Americans won’t be spending anything on presents, gift cards, or any other items for entertaining. This is the highest percentage for the category since the company began tracking consumers’ holiday habits.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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