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Survey: Holiday spending same or less, compared with 2010
Los Angeles — A survey released Monday by PriceGrabber, a part of Experian, found that consumers plan to spend the same or less on 2011 holiday shopping.
According to the survey, 45% of consumers intend to spend less money during the 2011 winter holiday shopping season than they did in 2010. Forty-nine percent of consumers will spend the same amount that they spent last year, and only 7% plan to spend more this year.
Conducted from Sept. 7–15, 2011, the survey includes responses from 3,070 U.S. online shopping consumers.