The rising cost of living and inflation rate worldwide have had a considerable impact on shopping behavior. A recent survey suggests that consumers' holiday season spending could see reductions during the busiest time in retail. In the United States, it is projected that spending cuts will reach as high as 30.6 billion U.S. dollars this holiday season. In Germany, consumers were less reluctant to cut back on their holiday season spending, with spending forecast to see a decrease of only two billion U.S. dollars.
Expected reduction in holiday season spending among consumers in 2022, by country
(in billion U.S. dollars)
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ShipStation. (October 23, 2022). Expected reduction in holiday season spending among consumers in 2022, by country (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www.statista.com/statistics/1342627/holiday-season-spending-cuts/
ShipStation. "Expected reduction in holiday season spending among consumers in 2022, by country (in billion U.S. dollars)." Chart. October 23, 2022. Statista. Accessed November 10, 2024. https://www.statista.com/statistics/1342627/holiday-season-spending-cuts/
ShipStation. (2022). Expected reduction in holiday season spending among consumers in 2022, by country (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www.statista.com/statistics/1342627/holiday-season-spending-cuts/
ShipStation. "Expected Reduction in Holiday Season Spending among Consumers in 2022, by Country (in Billion U.S. Dollars)." Statista, Statista Inc., 23 Oct 2022, https://www.statista.com/statistics/1342627/holiday-season-spending-cuts/
ShipStation, Expected reduction in holiday season spending among consumers in 2022, by country (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1342627/holiday-season-spending-cuts/ (last visited November 10, 2024)
Expected reduction in holiday season spending among consumers in 2022, by country (in billion U.S. dollars) [Graph], ShipStation, October 23, 2022. [Online]. Available: https://www.statista.com/statistics/1342627/holiday-season-spending-cuts/
