Some Americans are feeling the effects of inflation heading into the holiday season, according to a 2023 survey from WalletHub.
The online survey, which collected answers from nearly 250 respondents nationally, found more than 1 in 3 Americans are foregoing gifts this year due to inflation.
Thirty-four percent of respondents said their family was foregoing gifts due to inflation, while 66% said their family was not.
DEMAND FOR CHRISTMAS TREES IN AMERICA REMAINS HIGH DESPITE INFLATION
The survey also found that 28% of people will spend less on holiday shopping compared to last year and nearly 1 in 4 still have holiday debt from the previous year.
Fox News’ Mollie Line said the Salvation Army’s Angel Tree was a good way to help fellow Americans struggling with the effects of inflation during the Christmas season.
“One of the things we’re seeing all across America is the Salvation Army is reporting this great need for the angel tags. This is happening in Denver where some 10,000 gifts they’re trying to work on getting out to kids. In my home city, Waltham,…