While 59% of individuals say they will be less concerned about COVID this holiday season, two in three say they will be more concerned about the economy. We found that 2022 shopping budgets are up 8% over 2021, and holiday travel budgets are up 49%. However, prices have increased, as well.
That’s probably why economic concerns are top of mind this holiday season. 59% also report worrying more about supply chain disruptions that could make holiday shopping harder or more expensive.
Anxiety and uncertainty have also taken a toll on individuals’ mental health. Roughly one in three say their mental health has worsened in the last 12 months, and 69% of these respondents say economic concerns were a top cause, cited more frequently than any other factor.