NIT – A new poll says Americans plan on spending a lot more this Christmas.
Gallup’s latest update of Americans’ 2015 Christmas spending plans finds consumers poised to spend more on gifts this holiday than in any November since 2007. The $830 they expect to spend this year is up sharply from $720 last year.
Gallup says 30% of U.S. adults expect to spend $1,000 or more on gifts, slightly higher than the 25% in the top-spender category a year ago. About one in five will spend between $500 and $999, 14% will spend between $250 and $499, and 19% will spend less than $250. Just 8% say they don’t celebrate Christmas or won’t be spending anything, while 7% are unsure how much they will spend.
As expected, persons living higher-earning households intend to spend even more, nearly $1,300 per person.
What about you. How much will you spend this holiday season? Will you spend online or in the stores in person? Where’s your favorite place to shop?
