NEW YORK (AP) – More than half of U.S. adults say it’s harder to afford holiday gifts this year.
According to a new poll from The Associated Press-NORC Center for Public Affairs Research, 69% of them say they have seen higher prices for holiday gifts in recent months, up from 58% last year.
And 57% say it has been harder to afford the things they want to give, a dramatic increase from 40% one year ago.
Price increases have especially impacted lower-income shoppers. Two-thirds of Americans in households earning less than $50,000 annually say they’ve had a harder time affording gifts and holiday meals this year.
By Dee-Ann Durbin, Associated Press
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