Consumers are planning on spending less this holiday season. Could it hurt the economy?

HOUSTON, TEXAS - NOVEMBER 26: People shop in The Galleria mall during Black Friday on November 26, 2021 in Houston, Texas. Retailers are anticipating a busier holiday season than last year after the COVID-19 pandemic caused the quietest Black Friday in 20 years. Shortages of many goods due to supply issues are limiting the availability of some items including cars, appliances and computers during this holiday season. (Photo by Brandon Bell/Getty Images)