Crypto Makes Christmas Wish Lists As Inflation Forces Americans To Rethink Holiday Spending
In the face of rising inflation, American consumers are increasingly interested in receiving cryptocurrency as Christmas gifts, according to a recent survey conducted by Visa Inc.
What Happened: The report highlighted the shift in consumer behavior in the wake of escalating living costs. Despite inflation eating into disposable income, the desire for digital assets as gifts is on the rise.
Although inflation has somewhat receded from its post-pandemic peak, the cost of essentials such as housing, food, insurance, and utilities remains high.
Even as wages have managed to keep up with inflation, households have less leeway for investing or discretionary spending than before 2022.
The survey reveals that 28%…
