As Black Friday deals flood inboxes and storefronts across the United States, millions of Americans say they’re tightening their budgets, not because they want to, but because they feel they have no choice. New data from Deloitte shows U.S. shoppers plan to spend 4% less than last year between Black Friday and Cyber Monday, reversing the post-pandemic expectation that holiday spending always increases. The pullback spans both the wealthy and the financially stretched: Americans earning under $50,000 expect to cut spending by 12%, while those earning over $200,000 plan to cut by 18%. Consumer confidence is hovering ... (full story)