The Joy (and Pain) of Giving
In many countries around the world, the Christmas season is a time filled with festivities, religious and secular alike. From exchanging gifts to sharing meals, people have found all manner of ways to express their joy and enjoy time with friends and family during this time of the year. For many, this means planning budgets as they stretch their finances during this festive season. We review a research study, performed by Gallup’s world-renowned social research lab and polling institute, looking into just how much money the average American plans on spending this Christmas holiday. The findings were rather interesting, showing that, in a bit of a recent economic upswing, Americans plan to spend more money this Christmas than ever before.
Analyzing Christmas Budgeting
The methodology of this research, done by GALLUP News, involved 1,021 adults being interviewed over the telephone. The participants were aged 18 and older, and were sourced from each of the 50 states within the U.S.A, as well as the District of Columbia. The statistics acquired through this study for the current calendar year were based on spending "intentions".
2017 Spending Outlook
For the 2017 Holiday season, the average American is set to spend around, a significant increase from last year's figure of $785. This puts the numbers closer to the numbers experienced before the 2008/2009 economic downturn. The report went on to state that a significant percentage of Americans were planning on spending more than $1,000 on Christmas gifts this season.