'We're hopeful for a strong giving season, but we're not counting on it.' Charities and retailers are bracing for humdrum holiday spending. Blame inflation.
Inflation is souring the holiday season, a crucial time when companies, charities and nonprofits typically collect their biggest haul of the year Salvation Army volunteer Reynaldo Rivera ringing a bell near the Rockefeller Center Christmas tree in Manhattan on Christmas Eve last year.
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