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Holiday spending in the U.S. is expected to experience its steepest drop since the pandemic

WBUR | By Here & Now Newsroom

Published September 4, 2025 at 11:55 AM EDT

A new survey out of consulting firm PwC has found that holiday spending in the U.S. is expected to fall 5% this year, the first spending pullback since 2020.

We get to the bottom of the factors driving this upcoming drop with Ali Velshi, anchor and chief economics correspondent at MSNBC.

This article was originally published on WBUR.org.

Here & Now Newsroom