Inflation Grinch steals Christmas

 The Hill:

If the Christmas tree looks larger this year, the reason may be the smaller pile of gifts beneath it.

Retail analysts expect Americans to spend roughly the same amount on holiday gifts this year as last. Yet, because of inflation, the money will buy fewer gifts. Seven fewer gifts, to be exact.

The average consumer plans to purchase nine presents in the 2022 holiday season, down from 16 in 2021, according to a closely watched holiday retail survey from accounting giant Deloitte.
...

People on a fixed income are likely to have an even smaller Christmas if they have one at all.  It is another example of how Biden inflation is impacting people in a negative way. 

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more