Reports show that Canadians are planning on keeping their 2023 holiday spending virtually the same when compared with 2022. However, an air of thriftiness has emerged as consumers turn to technologies for personalised recommendations that help them source great gifts on a budget.

Retailers are making a jump-start on the holiday shopping season and have already begun rolling out holiday-themed items and deals to cater to pocket-conscious shoppers. In an era of economic turbulence, people are growing more strategic with their spending to stretch their budgets.

With economic pressures rising and a growing frustration with the status quo, many young Americans are rethinking how they celebrate national holidays. How can brands respond to Gen Yers’ and Zers’ evolving expressions of patriotism and the traditional holiday rituals?

The rising cost of living is seeing many Americans cut down on unnecessary spending. But at times of heightened stress, many also indulge in shopping as a form of escapism. So, how can social shopping platforms simultaneously help people limit their expenses and engage in retail therapy?