Person thinking over financial bills at cluttered desk with wrapped gifts nearby in warm natural light

Survey Finds Majority of Americans Plan to Cut Holiday Gift Spending

A fresh NBC News Decision Desk poll released this week shows that more than half of Americans plan to cut back on holiday gift spending compared with last year.

Gift-Spending Outlook

In the poll, 55 percent of respondents said they will spend less on gifts, 9 percent said they will spend more, and 36 percent expect to spend about the same.

Personal Finance Views

When asked about their financial situation, 41 percent described it as about the same as a year ago, 35 percent said it is worse, and 24 percent said it is better.

Political Reactions

President Trump, in a recent Politico interview, described the economy during his second administration as “A-plus-plus-plus-plus-plus.” He added, “I inherited a total mess. Prices were at an all-time high when I came in. Prices are coming down substantially.”

Last Friday, former Vice President Harris and Democratic National Committee Chair Ken Martin criticized the administration’s handling of rising costs. “Look, we know what’s important right now,” Martin said. “S— is too expensive. Paychecks are getting eaten up by [President] Trump’s tariffs. Small businesses are getting torched by the man in the White House.”

Poll Methodology

Person holding wallet with 41% cash shows financial stability; another holds empty wallet with 35% remaining indicating decli

The NBC News Decision Desk poll was conducted from November 20 to December 8, surveyed 20,252 people, and has an estimated margin of error of 1.9 percentage points.

Key Takeaways

  • 55 % of Americans plan to spend less on holiday gifts this year.
  • 41 % feel their personal finances are unchanged.
  • Trump and the DNC highlight rising costs and tariffs as key concerns.

The poll underscores a shift in consumer sentiment as Americans weigh gift budgets against broader economic worries.

Author

  • Hello and welcome! I’m Morgan J. Carter, a dedicated journalist and digital media professional based in the vibrant heart of Austin, Texas. With over five years of experience in the fast-paced world of digital media, I am the voice and driving force behind https://newsofaustin.com/, your go-to source for the stories that matter most to our community.

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