Visa Report Shows Holiday Spending Shift (cnbc.com)

Visa data reveals that while over half of U.S. consumers prioritize travel and experiences, only 15% plan to gift them, with 27% favoring physical items due to rising costs. Inflation-driven airfare increases of more than 22% have led households earning under $200,000 to cut travel budgets, whereas affluent shoppers continue spending on trips. Projected holiday sales growth of 4.5% is largely attributed to price hikes, with real volume expected to rise just 1.1%.