At the end of every year, Americans tend to kick up their spending when they buy presents, decorations, and other items for the holiday season. Let’s examine a few figures to learn how holiday spending impacts the average consumer’s wallet.
From Our Two Cents Monthly Newsletter – December 2017 Edition.
$478
The expected amount that consumers will spend on gifts for family members.
$218
The amount that shoppers plan to spend on food, decorations, flowers, and greeting cards.
59%
The relative proportion of consumers who will primarily shop online for holiday goods.
$967.13
The amount that consumers expect to spend this holiday season.
$682 billion
The approximate total of all holiday-related expenses in the US this year.
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