CNBC All-America’s economic survey revealed that Americans plan to spend this holiday season without limitations despite persistent concerns about the economy and inflation, as well as product shortages resulting from bottlenecks. that exist in the United States.
The study found that people, on average, plan to spend $ 1.0 04 dollars in gifts , 13% more than last year’s pandemic depression figure, and the highest figure since 2018. The survey was conducted with 800 adults throughout the country.
A of the figures that stands out has to do with the purchase intention, since the 15% plan to spend more this year, compared to 11% in 2020, and the 35% plan to spend less, compared to 39%.
In CNBC’s analysis of the results, it was noted that the survey clearly shows that current supply chain issues, inflation, and general negative views on the economy are making their way into the economy. Positive Christmas mood of consumers.
Among those who spend more, a third say it is because they have more money
Among those who spend less, the 25% says it is because the economy is in bad shape , the 21% mention higher prices or trouble paying bills and the 17% want to save money. Meanwhile, the 36% say they started shopping earlier than normal because they were afraid they would not receive their gifts on time and to 25% are concerned that gifts will be late.
The survey found that inflation has catapulted ahead of Covid – 19 to become the main concern. The last quarter, the two questions were tied.
Meanwhile, the 41% of those surveyed believe that the economy will worsen next year, a modest improvement over the previous quarter, but still largely pessimistic and 7 points higher than a year ago.
The survey was conducted from December 1-4 After news of the Omicron variant was made public, he found a sharp drop in concern about going to malls, boarding planes, and visiting large American cities.
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