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