Anticipated spending on holiday gifts is expected to drop significantly this year amid a retail slump due to the coronavirus pandemic, a Gallup poll released Tuesday found. American shoppers surveyed between Sept. 30 and Oct. 15 reported that they expect to spend an average of $805 on gifts this year, down from last year’s estimate of $942 and the lowest October holiday spending projection Gallup has measured since 2016. Additionally, 28…
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