How Much Did Americans Spend over the Holidays?

You’ve started packing away the holiday decorations and finished saying so long to your out-of-town relatives. The credit card statements for the month of December are beginning to trickle in, and though the stress of picking out presents has passed, a new one has arisen. Namely, how much you spent over the holidays on gifts, travel, and general merrymaking.

The National Retail Federation estimated that Americans would collectively drop over $586.1 billion this year during their holiday spending sprees. What does that mean on a small scale? According to the American Research Group, Inc. the average American was expected to shell out $854 on gifts for family and friends. Whether you’re working a little overtime to make up for the damage done or mournfully looking at your bank account in regret, we bet you wouldn’t turn down the opportunity to make an easy extra buck.

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Sources:

Average Cost of an American Christmas

Holiday Shopping 2012 Up 9.2 Percent As Americans Spend More

This entry was posted on Friday, January 11th, 2013 at 9:37 pm. Both comments and pings are currently closed.

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