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flag U.S. households are cutting holiday spending due to ongoing inflation and financial strain, despite a strong job market.

flag American households are cutting back on holiday spending due to ongoing inflation, with rising grocery and living costs affecting consumers across income levels. flag Many, including teachers and workers, are limiting gifts, dining out, and other expenses, citing financial strain despite a strong labor market. flag Inflation rose to 3.0% annually in September, fueling voter dissatisfaction and influencing recent election results. flag President Trump, who once dismissed inflation, now acknowledges affordability issues, though tariffs have not triggered broad price surges. flag Unlike 2022, consumers lack confidence in their income stability, making it harder to absorb higher prices.

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