Holiday Spending Down: Inflation, Budgets Impact Shopping
Update: 2025-11-24
Description
Deloittes data reveals a significant shift in holiday spending plans this season. Consumers expect to spend four percent less between Black Friday and Cyber Monday, driven by rising living costs and economic concerns. This trend spans all income levels, with even high-income earners planning to cut spending. Despite this, many shoppers still anticipate participating in sales events. The rising inflation rate, now at three percent, is a key factor influencing these decisions. Retail earnings reports show discount retailers like Walmart benefiting from budget-conscious shoppers, while buy now, pay later services are gaining popularity for managing holiday purchases, particularly among younger generations.
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