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Holiday shoppers are crossing themselves off of the gift list, trade group says – CNBC

Nearly all of that drop came from people who say they are hesitant to buy non-gift items for themselves or their families, despite holiday sales, the survey found….

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As holiday shoppers look for gifts, they plan to spend less overall and pull back on purchases for themselves, according to a survey by the National Retail Federation.
The retail industry trade group said Wednesday that consumers expect to spend $997.79 on gifts, holiday items like food and decorations and additional “non-gift” purchases, according to a survey of 7,660 consumers conducted in early October. That’s a drop of about $50 from last year’s survey.
Nearly all of that drop came from people…

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