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. 

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