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Americans would spend more this holiday season with $1,200 stimulus checks, Gallup study finds

November 13, 2020

Via: CNBC
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A fresh round of stimulus checks in Americans’ bank accounts before the end of the year could provide a welcomed boost to retailers this holiday season, according to a new study.

Assuming no additional government stimulus, 37% of consumers said they are likely to spend less money during the holidays, while only 16% plan to spend more on gifts, the Franklin Templeton-Gallup Economics of Recovery study found.

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