Stressed-Out Americans Plan to Buy Fewer Christmas Gifts, Donate Less to Charity

Households, retailers and charities nationwide, feeling the pinch of inflation, are bracing for a humbug holiday season.

U.S. consumers and businesses have trimmed spending plans for gifts, charitable contributions and holiday events, data show. The penny-pinching threatens to spoil the year-end for many, especially firms and nonprofits that tally their largest share of sales and donations in November and December.

“We’re hopeful for a strong giving season, but we’re not counting on it,” said Thomas Tighe, chief executive of Direct Relief, a medical-assistance nonprofit that takes in around $2 billion a year in donated medicine, supplies and cash to deliver help around the world.

https://www.wsj.com/articles/inflation-christmas-shopping-retail-charity-americans-11668804758