Survey says americans spending less on Christmas 2020

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a brand new survey finds that the typical American plans to spend $866 on Christmas this 12 months, down 10 percent from ultimate. The CNBC All-American economic Survey found that nearly forty p.c plan to spend much less this holiday season, and handiest eleven % plan to boost their spending. The biggest motive that so many are slicing lower back is misplaced wages because of the pandemic. Sixty-two % of those surveyed referred to the economic system is at present “fair” or “poor” with only 34 % viewing it as “first rate” or “awesome.”

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