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154

Amid ‘instability and fear’ in Trump’s economy, Americans are cutting holiday spending (www.theguardian.com)

submitted 3 months ago by MicroWave@lemmy.world to c/news@lemmy.world

8 comments fedilink hide all child comments

In addition to rising prices and tariffs, readers cite growing unemployment as a reason not to exchange gifts this year

Americans are feeling rattled about the state of the economy. Donald Trump has batted away question after question from reporters on concerns over higher prices, just a year after he won an election promising to bring down costs.

While the White House has tried to reduce concern, floating tariff-funded $2,000 stimulus checks and removing import levies on certain agricultural imports, many consumers remain anxious.

Preparing for the holiday season, and bracing for the spending it often demands, Guardian readers across the US expressed apprehension – and explained how they plan to spend – in this economy. Many said the higher cost of necessities, like groceries, was imposing on their ability to buy gifts for family and friends.

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[–] vegeta@lemmy.world 6 points 3 months ago

But we’re the HOTTEST COUNTRY IN A VERY LONG PERIOD OF TIME, MANY PEOPLE SAY HOTTEST COUNTRY IN HISTORY