Intuit quickbooks report reveals small businesses project a third of yearly revenue from holiday sales as consumer spending expected to decrease by 34%

Mountain view, calif.--(business wire)--a new intuit quickbooks data report revealed that rising costs and continued inflationary pressures are causing a pull back on spending, as consumers are expected to spend $85 billion less this holiday season, a 34% year-over-year downturn. these findings and more are highlighted in the annual quickbooks holiday shopping report, based on a recent survey of u.s. consumers and small businesses commissioned by intuit inc. (nasdaq: intu), the global financial.
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