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
Characteristic
Yes, plan cut back across ALL related spend
Yes, plan cut back across MOST related spend
Yes, plan cut back across SOME related spend
No, have no plans to cut back related spend
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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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ShipStation. (October 23, 2022). Spending cut intentions among consumers during Black Friday and holiday season in North America in 2022 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1342643/holiday-season-spending-cut-intention-north-america/
ShipStation. "Spending cut intentions among consumers during Black Friday and holiday season in North America in 2022." Chart. October 23, 2022. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1342643/holiday-season-spending-cut-intention-north-america/
ShipStation. (2022). Spending cut intentions among consumers during Black Friday and holiday season in North America in 2022. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1342643/holiday-season-spending-cut-intention-north-america/
ShipStation. "Spending Cut Intentions among Consumers during Black Friday and Holiday Season in North America in 2022." Statista, Statista Inc., 23 Oct 2022, https://www.statista.com/statistics/1342643/holiday-season-spending-cut-intention-north-america/
ShipStation, Spending cut intentions among consumers during Black Friday and holiday season in North America in 2022 Statista, https://www.statista.com/statistics/1342643/holiday-season-spending-cut-intention-north-america/ (last visited September 01, 2024)
Spending cut intentions among consumers during Black Friday and holiday season in North America in 2022 [Graph], ShipStation, October 23, 2022. [Online]. Available: https://www.statista.com/statistics/1342643/holiday-season-spending-cut-intention-north-america/