{"id":960527,"date":"2021-11-03T02:28:59","date_gmt":"2021-11-03T06:28:59","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=960527"},"modified":"2021-11-03T02:29:03","modified_gmt":"2021-11-03T06:29:03","slug":"bidenflation-stole-christmas-holiday-spending-plans-rise-by-less-than-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenflation-stole-christmas-holiday-spending-plans-rise-by-less-than-inflation\/","title":{"rendered":"Bidenflation Stole Christmas: Holiday Spending Plans Rise By Less Than Inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidenflation-stole-christmas-holiday-spending-plans-rise-by-less-than-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=960527&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">Americans expect to spend an average of $837 on gifts this holiday season, a Gallup poll <a href=\"https:\/\/news.gallup.com\/poll\/356897\/early-holiday-spending-plans-look-similar-2020.aspx\">released<\/a> Tuesday showed.<\/p>\n<p>That\u2019s just under four percent more than last year\u2019s $805 figure, slightly above the average annual increase of 3.4 percent.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>But with inflation running higher this year than in most prior years, people may actually wind up buying less. As of September, the Consumer Price Index for all items was up 5.4 percent compared with a year ago.<\/p>\n<p>Holiday spending is down compared with the prepandemic era. In 2019, shoppers estimated they would spend a record $942. The equivalent in today\u2019s dollars would be $1010.73.<\/p>\n<p>Citing data from the National Retail Federation, Gallup says that holiday shopping tends to rise a bit each year, rising five percent in good years and two percent in weak years. Since 2000, spending declined in just two years, 2007 and 2008.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>Spending estimates, however, have declined more frequently.<\/p>\n<div id=\"attachment_18568890\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/bgo0nr0cjucj7xphriwmdg.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-18568890\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/bgo0nr0cjucj7xphriwmdg.png\" alt width=\"1440\" height=\"840\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Gallup Holiday Spending<\/p>\n<\/div>\n<p>\u201cCaution is always warranted in interpreting the October figures, as Americans\u2019 spending intentions can change as the season progresses. Changes in national economic metrics like the stock market and unemployment reports can affect consumers\u2019 psychology, as can policy actions out of Washington and, more recently, of course, the pandemic,\u201d Gallup wrote in a story accompanying the poll results.<\/p>\n<p>Sixty-four percent of Americans plan to spend the same amount on gifts this year as they did last year. Twenty-two percent plan to spend less, while 13 percent predict spending more.<\/p>\n<p>Gallup has been polling Americans about holiday spending plans since 1989. It conducts a second poll in November to gauge the change in shopping plans.<\/p>\n<p>Last week, the National Retail Federation said Americans plan to spend around $648 on gifts, slightly below last year\u2019s forecast. As Breitbart News <a href=\"https:\/\/nrf.com\/media-center\/press-releases\/holiday-spending-reflects-continued-consumer-demand\">reported,<\/a> that means holiday spending would contract in real terms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Americans expect to spend an average of $837 on gifts this holiday season, a Gallup poll released Tuesday showed. That\u2019s just under four percent more than last year\u2019s $805 figure, &#8230;<\/p>\n","protected":false},"author":11,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-960527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/960527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=960527"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/960527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=960527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=960527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=960527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}