As the US economy teeters on the brink of instability and fear, Americans are taking a hit to their holiday wallets. The sense of unease among consumers has led to a decrease in spending during the festive season. For many, the relentless rise in prices is making it increasingly difficult to splurge on gifts for loved ones.
Those interviewed by the Guardian expressed concerns about the impact of tariffs and higher costs on their daily lives. "Prices for everything have gone up," said Grace Brown, 34, from Charlotte, North Carolina. "It's kind of hard to have luxuries." Even with budgeting notes scribbled in her phone, Brown's spending power has decreased due to the steady climb in prices.
Consumer confidence has hit a low, according to recent surveys, with fears over employment and contacts adding to the anxiety. Jeffrey Larimore, 68, from Caldwell, Idaho, described his family's reduced spending habits: "We had enough disposable income to go out to dinner, take weekend trips, and spoil my granddaughters. Since the tariffs have raised the cost of living, we've cut out all of that." His sentiments echo those of Ryan, a retired law enforcement officer in Texas, who fears he can barely put food on the table, let alone afford holiday shopping for his children.
As prices continue to rise and employment concerns weigh heavily on Americans' minds, many are opting out of the economy altogether. Shari Dunn, 57, from Oregon, is participating in an economic boycott over Black Friday, one of several consumer movements aimed at disrupting the retail industry. Her actions reflect a growing trend among consumers who feel frustrated with national politics and seek to make a statement by reducing their spending.
For some, this past year has marked a shift towards more sustainable gift-giving practices. Linda McKim Bell, 79, from Portland, Oregon, has avoided buying anything new since Trump took office, opting for online thrift stores for her family gifts instead. Her approach is just one example of how Americans are finding alternative ways to celebrate the holiday season in response to economic uncertainty.
As the US economy navigates a period of instability and fear, Americans are taking matters into their own hands by adjusting their spending habits. Whether through boycotts, budgeting adjustments, or creative gift-giving ideas, consumers are seeking ways to preserve some semblance of magic amidst the rising costs and concerns over employment.
Those interviewed by the Guardian expressed concerns about the impact of tariffs and higher costs on their daily lives. "Prices for everything have gone up," said Grace Brown, 34, from Charlotte, North Carolina. "It's kind of hard to have luxuries." Even with budgeting notes scribbled in her phone, Brown's spending power has decreased due to the steady climb in prices.
Consumer confidence has hit a low, according to recent surveys, with fears over employment and contacts adding to the anxiety. Jeffrey Larimore, 68, from Caldwell, Idaho, described his family's reduced spending habits: "We had enough disposable income to go out to dinner, take weekend trips, and spoil my granddaughters. Since the tariffs have raised the cost of living, we've cut out all of that." His sentiments echo those of Ryan, a retired law enforcement officer in Texas, who fears he can barely put food on the table, let alone afford holiday shopping for his children.
As prices continue to rise and employment concerns weigh heavily on Americans' minds, many are opting out of the economy altogether. Shari Dunn, 57, from Oregon, is participating in an economic boycott over Black Friday, one of several consumer movements aimed at disrupting the retail industry. Her actions reflect a growing trend among consumers who feel frustrated with national politics and seek to make a statement by reducing their spending.
For some, this past year has marked a shift towards more sustainable gift-giving practices. Linda McKim Bell, 79, from Portland, Oregon, has avoided buying anything new since Trump took office, opting for online thrift stores for her family gifts instead. Her approach is just one example of how Americans are finding alternative ways to celebrate the holiday season in response to economic uncertainty.
As the US economy navigates a period of instability and fear, Americans are taking matters into their own hands by adjusting their spending habits. Whether through boycotts, budgeting adjustments, or creative gift-giving ideas, consumers are seeking ways to preserve some semblance of magic amidst the rising costs and concerns over employment.