US consumer appetite for holiday spending is falling 🎄📉
In November, Americans estimated they would spend an average of $778 on holiday gifts 💸 — down $229 from October ⬇️
This is the largest drop in expected holiday spending in data going back to 2006, according to a Gallup survey 📊⚠️
Spending expectations are also $234 lower than last November (when they stood at $1,012) 🕰️
For comparison, during the 2008 Financial Crisis, the November decline was $185 😬
Both high-income and low-income Americans cut their spending plans last month 👥🔻
Stagflation pressures are weighing heavily on US consumer confidence and holiday spending plans 🏷️🔥❄️
In short: Consumers are pulling back — and that’s a major warning signal for the economy 🚨📉#BinanceAlphaAlert #TrumpTariffs #CPIWatch #BinanceBlockchainWeek
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