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U.S. households are cutting holiday spending due to ongoing inflation and financial strain, despite a strong job market.
American households are cutting back on holiday spending due to ongoing inflation, with rising grocery and living costs affecting consumers across income levels.
Many, including teachers and workers, are limiting gifts, dining out, and other expenses, citing financial strain despite a strong labor market.
Inflation rose to 3.0% annually in September, fueling voter dissatisfaction and influencing recent election results.
President Trump, who once dismissed inflation, now acknowledges affordability issues, though tariffs have not triggered broad price surges.
Unlike 2022, consumers lack confidence in their income stability, making it harder to absorb higher prices.
Los hogares estadounidenses están recortando el gasto de vacaciones debido a la continua inflación y tensión financiera, a pesar de un fuerte mercado laboral.