Holiday Spending Trends: Balancing Online Success with Economic Concerns

A recent WalletHub survey, led by expert Cassandra Happe, sheds light on the challenging landscape of holiday gift-giving. Despite a promising start to online spending, the forecast for this season appears frosty due to inflation's impact on the economy. Happe's insights indicate a significant shift in consumer behavior, with 30% planning to cut down on gift expenses compared to the previous year, while a substantial 25% of Americans still grapple with lingering debt from prior holiday seasons.

The survey underscores a sobering reality: over one-third of Americans are opting out of gift-giving altogether, signaling a. . .