Poll: Majority plan to spend less on holiday gifts this year amid broader economic concerns

A majority of U.S. adults, 55%, say they will spend less on holiday gifts this year compared with last year, according to a new NBC News Decision Desk Poll powered by SurveyMonkey, highlighting how inflation has changed spending habits.

A majority of U.S. adults, 55%, say they will spend less on holiday gifts this year compared with last year, according to a new NBC News Decision Desk Poll powered by SurveyMonkey, highlighting how inflation has changed spending habits.

Only 9% say they will spend more on holiday gifts this year, while 36% say they'll spend about the same. The results are part of broader data showing some concern about the state of the economy.

The poll found deep partisan differences in how Americans view the U.S. economy, with those differences showing up in holiday shopping sentiment, too.

More than 6 in 10 Democrats and independents say they will spend less on holiday gifts this year, compared with just 41% of Republicans. Less than a third of Democrats and independents say they'll spend about the same as they did last year, compared with 49% of Republicans.

Income is also a predictable driver of holiday spending, with two-thirds of those making under $50,000 saying they'll spend less, compared with 54% of those making more than $50,000 and less than $100,000 and 43% of those making over $100,000.