US Adults Have Tighter Holiday Shopping Budgets Amid Rising Tech Costs, CNET Finds

Image for article US Adults Have Tighter Holiday Shopping Budgets Amid Rising Tech Costs, CNET Finds
News Source : CNET

News Summary

  • CNET’s annual holiday shopping survey found that close to three of every four holiday shoppers (73%) plan to buy tech this holiday season.
  • On average, they expect to spend an average of $808 on tech products and services during that time.
  • Most US adults aren’t waiting until the usual Black Friday and Cyber Monday sales in November to start holiday shopping.
  • Many have already started or plan to by October.
  • US adults plan to spend $123 less than holiday shopping last year.
Holiday shopping is expected to look much different this year with tighter budgets and higher prices.

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