How wealthy Americans are spending their money this holiday season

A vast majority of the millionaires surveyed in the CNBC Millionaire Survey said they will spend the same this holiday season as last year. More than a quarter of millionaires said they would be giving more gift cards this year and less tangible gifts because of possible shortages and disruptions in the supply chain. 7% of millionaires said they will be giving less gifts this year due to inflation.

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