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Christmas shoppers putting fewer gifts under the tree as recession looms

Por: The Hill Politics December 24, 2022

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If the Christmas tree looks larger this year, the reason may be the smaller pile of gifts beneath it.  Retail analysts expect Americans to spend roughly the same amount on holiday gifts this year as last. Yet, because of inflation, the money will buy fewer gifts. Seven fewer gifts, to be exact.  .  Those gifts will cost $507 on average and make up about a third of the $1,455 the typical consumer plans to spend in the year-end holiday season,... + full article



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