The Bloomberg article seems to be based on this survey [0] (do a web search for the sentence "Deloitte study shows higher percentage plans to spend nothing" fro

The Bloomberg article seems to be based on this survey [0] (do a web search for the sentence "Deloitte study shows higher percentage plans to spend nothing" from the Bloomberg article if you like). It does not seem to phrase things in such a tone-deaf way as the Bloomberg headline either [1]. [0] "2021 Deloitte holiday retail survey", https://www2.deloitte.com/content/dam/insights/articles/us164630_2021-holiday-retail-survey/DI_2021-Deloitte-holiday-retail-survey.pdf https://www2.deloitte.com/content/dam/insights/articles/us16... (PDF) [1] The survey instead says "Perhaps the most sobering pandemic trend is that low-income groups continue to suffer." on one of the first slides instead of the euphemism that the article uses.