00:00It's Benzinga bringing Wall Street to Main Street.
00:02Americans are struggling to afford holiday gifts as higher prices for everyday essentials continue
00:07to pressure household budgets, according to a survey by the Associated Press,
00:12an ORC center for public affairs research. Nearly half of U.S. adults said buying gifts
00:17is more difficult, leading many to postpone major purchases and cut back on non-essential spending.
00:23The survey found that 68 percent of adults view the U.S. economy as poor,
00:26a view unchanged since December 2024, while about half are seeking lower prices and roughly 4 in 10
00:34are dipping into savings more often. President Trump has dismissed economic concerns by urging
00:39families to limit Christmas spending while calling affordability issues a Democrat hoax
00:44and labeling recent polls as fake. For all things money, visit Benzinga.com.
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