CBS News reported that many Americans plan to reduce spending on necessities this holiday season, according to a survey from U.S. News & World Report. The item is a video report published on November 7, 2026, and its summary describes the survey as the basis for the finding.

According to the CBS News summary, U.S. News & World Report consumer analyst Adriana Ocañas shares more takeaways on how Americans are spending their money. The summary presents her as the outlet's analyst on the survey, and it does not record which takeaways she gives beyond that general subject.

The summary does not state how many people took part in the survey, when it was conducted, what share of respondents plan to cut back, or which purchases count as necessities. Without those details, the CBS News summary can only confirm the general finding that many Americans plan to reduce such spending during the holidays.

CBS News's item lists no byline in the source record, and the summary does not name a reporter. This account relies on that summary and its description of the U.S. News & World Report survey, and the survey itself was not among the materials reviewed for this story, so the findings are reported as CBS News described them and have not been independently confirmed.

The summary offers no further figures, so the complete findings could not be checked against this report. It also does not say whether the findings differ by income, age, or region.

Sources: CBS News: Many Americans plan to reduce spending on necessities this holiday season, survey finds.