Inflation is a Scrooge.
Although the holiday season is still months away, consumers are already concerned about how they will afford this year’s gifts as prices continue to rise, several studies show.
Roughly 40% of holiday shoppers said inflation is changing the way they shop, with most trying money-saving strategies, according to a new Bankrate.com report, such as buying fewer items or less expensive brands and using coupons, discounts and credit card rewards to offset costs.
More than half — or 59% — of Americans are stressed about buying gifts this holiday season due to higher prices, another recent survey said.
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