Business

Many scaling back gift buying, except for pets

NEW YORK — Shoppers are scrimping on holiday gifts, but not when it comes to their pets.

Among those who plan to spend less on gifts this year, only 23 percent are doing so on their pets, according to a survey released Thursday by Consumer Reports. The vast majority (84 percent) said they plan to cut back spending on themselves.

Another 40 percent said they're scaling back on buying for friends and friends' families, while 30 percent plan to give less to service providers such as delivery people, hair dressers and gym instructors, and 29 percent aren't giving as much to co-workers.

In all, 59 percent of shoppers said they plan to cut back on gift giving. The survey was based on telephone interviews with 1,001 adults between Oct. 16-19.

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