More than half of U.S. adults say it’s harder to afford the holiday gifts they want to give this year.
People carry shopping bags on Saturday, Dec. 10, 2022 at Downtown Crossing in Boston. More than half of Americans say it's harder to afford the holiday gifts they want to give this year.
Last year, 89-year-old Darlene Huffman used some of her government stimulus money to buy KitchenAid food choppers — which cost around $40 — for her six children. But this year, with the price of gas, groceries and other basics eating into her limited income, Huffman is downsizing. She plans to buy them each a $10 trash can that attaches to the backseat of a car.
Roslyn Coble doesn’t plan to buy holiday gifts this year. Coble, 63, lives on monthly disability checks and has struggled with higher prices for food and other necessities this year. Tierra Tucker, a 34-year-old day care worker in Chicago, said she's been shopping since Black Friday for her twin 13-year-old daughters and has found deals on many of the gifts they're getting, including iPads, purses, clothes and bracelet-making kits.
Daniel Reyes, a postal worker from Midland, Texas, said he made more money than usual this year thanks to overtime. But he’s still thinking twice about what be buys in the face of steep price increases and losses to his 401 plan.
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