$1,500 – That’s What the Average Person Will Spend on Christmas This Year
I'm not about to divulge how much I spend on Christmas but it doesn't come anywhere close to what the average person is expected to fork-out this year.
Christmas just may try and bankrupt you this season!
A new study by the consulting company Deloitte found the average person will spend almost $1,500 on the holidays this year. Here's how that breaks down:
- $487 on gifts
- $348 going to holiday parties
- $212 hosting holiday parties
- $182 on clothing for yourself or your family that ISN'T a gift
- $124 on decorations
- And $110 on random other expenses
That's a total of $1,463, so only one-third is going toward gifts.
And that total doesn't include things you buy for yourself. Half of people say they plan on getting themselves a gift or two while they're shopping.
On the brighter side of this, about three quarters of the people said there's one thing that gets them in the holiday spirit. Shopping!