38% of Americans Plan to Cut Holiday Spending Due to Inflation. Should You?

38% of Americans Plan to Cut Holiday Spending Due to Inflation. Should You?

Inflation is forcing consumers to spend more on everything from food to apparel to travel. In fact, the problem is so bad that 38% of Americans are now thinking about making holiday cutbacks, according to MassMutual's recent Consumer Spending & Saving Quarterly Index. The question is: Should you scale back on the holidays this year, or find other ways to cope with inflation?