Americans plan to save money ahead of holiday shopping season: Survey

With holiday season 2022 around the corner, people have already started saving amid rising costs.

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According to a recent Bankrate survey, 2 out of 5 (40%) respondents said inflation will change the way they shop for the holidays this year.

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84% of holiday shoppers questioned in the survey said they would try to save money this year.

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40% of them said they'd be buying lesser items and 21% said they would purchase gifts from cheaper brands.

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About 40% also said they would be looking for coupons, sales and other discounts for their gift shopping.

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17% of holiday shoppers said they would be making Do-It-Yourself gifts, while 11% said they’d be gifting used or secondhand items.

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A 13.5% rise in grocery store prices is expected to make holiday dinner items more expensive this year.

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The price of apparel has also surged 5.2% over the years.

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Americans plan to save money ahead of holiday shopping season: Survey

Americans plan to save money ahead of holiday shopping season: Survey

With holiday season 2022 around the corner, people have already started saving amid rising costs.

With holiday season 2022 around the corner, people have already started saving amid rising costs.

According to a recent Bankrate survey, 2 out of 5 (40%) respondents said inflation will change the way they shop for the holidays this year.

According to a recent Bankrate survey, 2 out of 5 (40%) respondents said inflation will change the way they shop for the holidays this year.

84% of holiday shoppers questioned in the survey said they would try to save money this year.

84% of holiday shoppers questioned in the survey said they would try to save money this year.

40% of them said they'd be buying lesser items and 21% said they would purchase gifts from cheaper brands.

40% of them said they'd be buying lesser items and 21% said they would purchase gifts from cheaper brands.

About 40% also said they would be looking for coupons, sales and other discounts for their gift shopping.

About 40% also said they would be looking for coupons, sales and other discounts for their gift shopping.

17% of holiday shoppers said they would be making Do-It-Yourself gifts, while 11% said they’d be gifting used or secondhand items.

17% of holiday shoppers said they would be making Do-It-Yourself gifts, while 11% said they’d be gifting used or secondhand items.

A 13.5% rise in grocery store prices is expected to make holiday dinner items more expensive this year.

A 13.5% rise in grocery store prices is expected to make holiday dinner items more expensive this year.

The price of apparel has also surged 5.2% over the years.

The price of apparel has also surged 5.2% over the years.

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