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Boomers expected to cut back on holiday giving, spending

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Blame it on the Grinch - the market Grinch, that is. Many baby boomers expect to cut back on their 2008 holiday giving, spending and travel due to market concerns, according to a national survey of 947 Americans age 45-64.

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The poll, conducted for Thrivent Financial for Lutherans in the midst of market turbulence October 20-23, found:

•?Nearly two in three boomers (63 percent) expect to cut back on overall spending now and for the holidays due to market worries.

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