Shoppers May Be Less Likely To Spend Big This Holiday Season

The video discusses consumer hesitation in holiday shopping due to high prices and economic uncertainty. Virginia Reynolds shares her struggles with rising costs, reflecting broader survey findings from the University of Florida, which indicate declining consumer confidence. Despite this, Hector Sandoval notes some economic recovery, suggesting a better holiday season than last year. Reynolds, however, remains cautious, prioritizing her grandchildren in her shopping plans.

What is causing some shoppers to reconsider their spending habits this year?

• Lower prices

• Higher prices and supply chain issues

• Improved economic conditions

• Increased consumer confidence

What challenge does Virginia Reynolds face when trying to get into the holiday shopping spirit?

• Increased travel restrictions

• Lack of holiday deals

• Rising gas prices and cautious spending

• Limited shopping options

According to the University of Florida Bureau of Economic and Business Research, what trend was observed in consumer confidence?

• It increased significantly

• It remained stable

• It showed no change

• It declined for the third straight month

What positive outlook does Hector Sandoval have regarding the economy?

• The economy is stagnant

• The economy is recovering in some aspects

• The economy is unpredictable

• The economy is worsening

How does Virginia Reynolds feel about making big purchases for her grandchildren?

• She is hesitant

• She is indifferent

• She is opposed

• She is committed