Shoppers plan to cut back their spending during the crucial Black Friday weekend for the first time in four years — the latest sign of mounting affordability concerns in the US, according to a survey.

Those who plan to shop during the busy Black Friday and Cyber Monday events expect to spend an average of $622 – roughly 4% less than last year, according to a Deloitte survey of 1,200 US consumers .

The trend is hitting consumers on both ends of the income spectrum.

Shoppers making less than $50,000 a year are expected to spend 12% less than last year, while those earning more than $200,000 plan to cut spending by 18%, according to the survey.

Of those who plan to spend less, 69% cited higher costs of living while 43% blamed financial constraints, according to the survey conducted betw

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