Stay Updated! COVID-19 pandemic business resources hub »

Ho Ho Hooold on a Minute! Santa Vs. Inflation

This year, Santa has more to contend with than usual. Not just stale cookies, seasonally depressed reindeer, and a cumbersomely long naughty list, but also – gulp – inflation! According to a recent article from Reuters, rising prices could mean less travel and fewer presents for many American families. Major companies, including Target and Walmart, are struggling to sell off large inventories, which has meant that seasonal hires are being put to work on store floors, greeting customers and providing the kind of human interaction which online shopping can't facilitate. 

It's not all doom and gloom, however! As NerdWallet recently reported, around 44% of American's surveyed say they plan to pay for air-travel and hotels throughout this holiday season, with 66% of said travelers planning to use credit cards for some or all of said travel expenses. Be careful though, and next year start budgeting even earlier in the year, if possible. 

Listen, whatever you celebrate, and whatever your budgetary constraints – don't lose sight of everything you have to be thankful for. There's more to this time of year than spending and shuffling around. Maybe this is a good year for a staycation? Here are some great tips from MorningStar that will help you cut costs. 


Night Mode