According to a new survey, over 60% of Americans are planning on postponing their holiday travel due to rising costs.
The survey, conducted by the vacationer, revealed that over half of the respondents are planning on cutting down on their holiday spending due to the rising costs of gifts. Some said that the high gas prices are also contributing to their decisions.
Despite the high cost of living, Americans are still planning on spending their holiday season, according to the Washington Examiner. They may try to save money by cutting down on gifts or going to less expensive locations, but they won't stop.
The survey also revealed that 33% of the respondents are willing to spend over $500 on a trip for Christmas.
The survey, which was conducted on October 25, was conducted by the Harris Interactive on 1,003 adults. The margin of error was plus or minus three percentage points.
The preceding is a summary of an article that originally appeared on Washington Examiner.
