How Inflation Will Affect Holiday Shopping
This isn’t good.
President Biden and Democrats have caused inflation to soar to heights that most Americans have never seen in their lifetimes.
Now, retail giants are expecting the worst when it comes to holiday shopping this year and it is going to effect everyone including you.
According to Fox, retail trade group believe that holiday season sales will be much slower than previous years and while inflation is going to be a massive factor Americans will still spend money.
Between November and December sales are expected to grow somewhere in the range of 6-8% however experts initially believed that sales would grow by 13.5%.
National Retail Federation (NRF) CEO Matthew Shay explained, “While consumers are feeling the pressure of inflation and higher prices, and while there is continued stratification with consumer spending and behavior among households at different income levels, consumers remain resilient and continue to engage in commerce.”
President Biden has not succeeded at taming inflation and that means your dollar will not be able to stretch as far as it used to. Americans are still going to shop however for some that means less presents under the Christmas tree this year.
