WSJ’s Hilsenrath: Typically Americans Buy 16 Gifts for Others, This Year Cutting Down to 9 Due to Inflation

‘Because Thanksgiving is going to cost so much on Thursday, Black Friday is expected to be not quite as crazy out at those shopping malls and the electronic stores’

EXCERPT:

HILSENRATH: “Right. And because Thanksgiving is going to cost so much on Thursday, Black Friday is expected to be not quite as crazy out at those shopping malls and the electronic stores. You know, people are talking about cutting back this year. You know, so we cite one survey in our story that Deloitte does every year. In a typical year, Americans buy about 16 gifts for others. This year they’re cutting it down to nine. So, if you’re not on the inner circle, you’re probably going to be out from one of your friend’s gift lists this year.”

Video files
Full
Compact
Audio files
Full
Compact