Holiday spending by Gen Z expected to drop 23% this year, according to PwC survey

And trees aren't the only thing that consumers are trimming this year. They're also cutting back on their holiday shopping anticipated. Anyway, a new survey from PJC forecast the steepest pullback in spending since the start of the virus pandemic.For more on this, let's bring in CNBC's Gabrielle Fon Rouge. Gabby, is it going to be as dire as the report says. >> I mean, it's July, right.Or I mean, we're actually in September, but this survey was taken in June and July. Consumer sentiment was in a bit of a di ...