Survey: 52% of Americans fear inflation will ruin holiday spending

• 52% of Americans think inflation will ruin their holiday season, according to a WalletHub survey.
• John Kiernan, managing editor at WalletHub, confirmed the survey findings.
• An Ipsos poll found that many Americans plan to give gifts to fewer people due to high prices.
• High prices are leading many Americans to consider cutting back on holiday spending.
• Even if gifts themselves aren't more expensive, shoppers are trying to stretch their budgets.