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Inflation may play an even bigger role as the Grinch this holiday season.
A recent poll from financial services company LendingClub found 60% of Americans are living paycheck to paycheck, an increase from the 56% who said the same last year.
The survey also found 59% of those individuals had issues paying their monthly bills and saw significant price increases for their utility bills over the past year.
A separate survey found about half of shoppers plan to buy fewer items this year due to high prices.