In light of the economic downturn, military families are expected to cut back on Christmas shopping, reports My San Antonio.
Seven out of ten military families will be making these cuts according to the First Command Financial Behaviors Index. In addition, forty two percent of these families will be reduce their spending by at least $400 as compared to last year.
To reduce holiday spending, military families plan to give fewer gifts per person, give gifts to fewer people, spend less on decorations, and spend less on food, among other cost-cutting procedures.
You can read more about military holiday spending here.