If you think you need to cut back on your holiday spending, rest assured that you are not alone, according to a new Bankrate.com survey released Monday.
A near majority of Americans say they plan to spend less this holiday season, even though shoppers may have stormed Black Friday and are showing up to buy online during Cyber Monday.
Some 42 percent of Americans told a Bankrate,com poll that they intend close more of their wallets this holiday, including 49 percent of parents surveyed.
Just 10 percent of Americans says they plan to spend more, according to the Palm Beach County-based Bankrate.com.
Blame it on old-fashioned fear -- not cheer.
Feelings of job security hit a new low, according to Bankrate.com's November Financial Security Index poll. Only 13 percent feel more secure in their office than a year ago.
The overall index fell to its second-lowest level of the year, Bankrate.com reported.
"Throughout 2011, we have observed that consumers are worried about their savings, job security, debt and net worth, and that trend has accelerated during the second half of the year,'' said Greg McBride, senior financial analyst for Bankrate.com.
But he also noted that "while consumers indicate a reluctance to spend more this holiday season," they don't always follow through.
"There is a notorious disconnect between how consumers feel and how consumers act, particularly regarding spending,” McBride said.
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