Most Virginians expected to spend more than $500 on gifts amid high inflation: Report

by Mia Nelson & Caitlyn Frolo

Mon, November 28th 2022, 3:59 PM UTC

FILE - Customers wait in line to checkout during a Black Friday sale at Macy's, Nov. 26, 2021, in Indianapolis. Retailers overall are expecting record-breaking sales for the holiday shopping season, but low-income customers are struggling as they bear the brunt of the highest inflation in 39 years. (AP Photo/Darron Cummings, File)

A shopper shops at a retail store in Glenview, Ill., Thursday, Dec. 16, 2021. The National Retail federation, the nation's largest retail trade group, said this month that the holiday shopping season appears to be on pace to exceed its sales growth forecast of between 8.5% and 10.5% despite additional challenges this year, from a new variant of the coronavirus, to soaring inflation. (AP Photo/Nam Y. Huh)

FILE - Customers debate on a television selection during a Black Friday sale at Best Buy, Friday, Nov. 26, 2021, in Indianapolis. (AP Photo/Darron Cummings, File)

VIEW ALL PHOTOS

FILE - Customers wait in line to checkout during a Black Friday sale at Macy's, Nov. 26, 2021, in Indianapolis. Retailers overall are expecting record-breaking sales for the holiday shopping season, but low-income customers are struggling as they bear the brunt of the highest inflation in 39 years. (AP Photo/Darron Cummings, File)

Loading ...