Americans say holiday gifts are harder to afford this year, poll shows

More than half of U.S. adults say it's harder to afford the holiday gifts they want to give this year.

Sixty-nine percent of them say they have seen higher prices for holiday gifts in recent months, up from 58% last year, according to a new poll from The Associated Press-NORC Center for Public Affairs Research.

And 57% say it has been harder to afford the things they want to give, a dramatic increase from 40% one year ago. The vast majority of those finding it harder to afford gifts say they've cut back on giving as a result.