00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Americans want more travel and experiences this holiday season,
00:06but physical gifts remain the priority for shoppers,
00:09according to a new visa report cited by CNBC.
00:13More than half of consumers surveyed put travel and live events at the top of their wish lists.
00:19However, 27% plan to prioritize physical gifts for others,
00:23compared with 15% favoring experiences.
00:26Rising travel costs and inflation are influencing spending decisions.
00:31Airfares climbed more than 22% in September from a year earlier.
00:35Visa expects holiday sales to rise 4.5% this year,
00:39but just 1.1% when adjusted for inflation.
00:43Meanwhile, roughly one-third of consumers earning less than $100,000
00:47plan to switch to cheaper brands or stores when shopping for holiday gifts.
00:52For all things money, visit Benzinga.com.
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