{"id":4740,"date":"2023-09-19T03:38:26","date_gmt":"2023-09-19T03:38:26","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=4740"},"modified":"2023-09-19T03:38:26","modified_gmt":"2023-09-19T03:38:26","slug":"americans-plan-to-spend-less-through-the-holidays","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/vn\/americans-plan-to-spend-less-through-the-holidays\/","title":{"rendered":"Navigating Reduced Holiday Spending Amid Economic Uncertainty"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color\"><a href=\"https:\/\/www.umtradings.com\/vn\/americans-plan-to-spend-less-through-the-holidays\/\"><time datetime=\"2023-09-19T03:38:26+00:00\">September 19, 2023<\/time><\/a><\/div>\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>Mastering Holiday Spending in Times of Economic Uncertainty<\/strong><\/h1>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">A new CNBC-Morning Consult survey has found that 92% of adults have reduced their spending over the past six months, and plan to spend less through the holidays.&nbsp;<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The Core Insight<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Consumers remain cautious in their spending due to job insecurity and inflation. The most common categories for spending cuts over the past six months were clothing and apparel (63%), restaurants and bars (62%), and entertainment outside the house (56%), a pattern that held steady from our June survey. The next biggest categories for cuts were groceries (54%), recreational travel and vacations (53%), and electronics (50%.)&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Looking ahead to the holiday shopping season, a warning for retailers: More than three-quarters of all U.S. adults surveyed (76%) plan to cut back on spending for non-essential items, and 62% expect to cut back on essential items \u201csometimes\u201d or \u201cmore often\u201d over the next six months, the survey found.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Just how acutely consumers reported feeling the impact of the current economic situation varied among socio-economic groups. And it wasn\u2019t always those making the least that reported feeling most pinched.&nbsp;<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Impact Across Socio-Economic Groups<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">More than half (55%) of households earning $50,000 or less (lower-income) said they\u2019re feeling the impact of the economy on their personal finances, while 61% of households with $50,000 to $100,000 (middle-income) and 46% of households making at least $100,000 (higher-income) reported the same.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">However, Higher-income households are in fact moving toward feeling that the economic situation is having a positive impact, the survey reports 30% in September, up from 21% in June.&nbsp;<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">In light of the economic uncertainty, a significant portion of Americans is adjusting their spending habits, especially as they approach the holiday season. <\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">While these changes in consumer behavior pose challenges, they also offer opportunities for individuals to reevaluate their financial priorities and develop prudent spending habits. <\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">By following these strategies and adapting to the current economic landscape, you can make the most of the holiday season while safeguarding your financial well-being.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><strong><em>Disclaimer&nbsp;&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><em>Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mastering Holiday Spending in Times of Economic Uncertainty A new CNBC-Morning Consult survey has found that 92% of adults have reduced their spending over the past six months, and plan to spend less through the holidays.&nbsp; The Core Insight Consumers remain cautious in their spending due to job insecurity and inflation. The most common categories [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":4741,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2,3],"tags":[149],"class_list":["post-4740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market_news","category-latest","tag-us-consumption"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/4740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/comments?post=4740"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/4740\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/media?parent=4740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/categories?post=4740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/tags?post=4740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}