Coffee Club: Are You Spending Less this Christmas?

Published 12/16 2013 10:39AM

Updated 12/16 2013 10:46AM

Millions of Americans are spending less this holiday season. reports almost 40% say they're cutting back.

People with household incomes less than $50,000 are the most likely to say they're spending less.

And only 14% of Americans overall plan on spending more this year than last.

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