Consumer spending cut intention during holiday season in North America 2022

Published by
Tugba Sabanoglu,
Nov 8, 2022
This holiday season, more than half of U.S. and Canadian consumers were intending to cut back on their Black Friday and Christmas shopping spending to varying degrees due to the impact of rising inflation rates. Only four in 10 consumers said they did not plan reducing their holiday season spending.

Spending cut intentions among consumers during Black Friday and holiday season in North America in 2022

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Release date

October 2022

Region

Canada, United States

Survey time period

August 2022

Number of respondents

Approx. 8,000

Supplementary notes

This question was phrased as follows: "Thinking about your non-food spending over Black Friday and Christmas, do you expect to cut back this year due to the rising cost of living?".

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Topics

Holiday season in CanadaU.S. Christmas season shoppingUK Christmas shoppingBlack Friday worldwideInflation in Canada
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