New survey indicates 50% of U.S. shoppers say inflation will impact their plans for spending on Thanksgiving food and holiday gifts – Advantage Solutions (NASDAQ:ADV)

IRVINE, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) — Advantage Solutions Inc. ADV today unveiled “Holiday Spending 2023: Consumers Share Food- and Gift-Shopping Plans,” an annual holiday survey of 1,100 U.S. adults aged 21 and over. In a year marked by rising food and product costs, 50% of all respondents said that inflation will alter their spending on food this Thanksgiving. Within this group, nearly 60% say they are anticipating spending more money on food compared to last year, including 28% who anticipate spending more to buy the same amount of food and 13% planning to spend more on less food. Among the 62% of all respondents who plan to host a Thanksgiving gathering this year, one in three stated they…