Winter Holiday Spending Per Capita
How much money do people spend on Christmas by state?
Some states seem to focus on the simple things, like Oklahoma, which only spends about $796 per capita per year. Compare that to the Santa Claus of the states, New Hampshire, which spends more than $1,567 per capita per year. Wow, they certainly love their holiday cheer! In the majority of states, though, people spend around a thousand dollars every year.
<a href="https://www.titlemax.com/discovery-center/personal-finance/winter-holiday-spending-per-capita/"><img src="https://www.titlemax.com/media/2017/12/winter-holiday-spending-per-capita-2_75per.png" alt="Winter Holiday Spending Per Capita" title="Winter Holiday Spending Per Capita – TitleMax.com – Infographic"></a><br><a href="https://www.titlemax.com" alt="TitleMax.com" title="TitleMax.com">By TitleMax.com</a><br /><br /><br /><br /><br /><br /><br /><br /><br />
It’s important to note that these figures also lump together other winter holidays like Hanukkah and Kwanzaa into one huge metric. Holiday spending statistics show that these winter holidays completely dwarf other spending sprees. The total of winter holiday spending stands at around $678 billion, but the figures for what America spends money on during the rest of the year are much smaller. The next in line, the back-to-school season, is a fraction of that, just $83 billion. Though the largest slice of this winter holiday spending pie is likely Christian, Americans spend a little less than 3 percent on Easter of what they spend on Christmas.
Should I use this to figure out how much to spend on Christmas gifts this year?
Yes and no. Christmas in America is a bit more complicated than averages. The average amount spent on Christmas usually combines some extremes; in other words, some families spend thousands of dollars, and others can barely afford the holiday season. While many spend around a thousand every year, the average amount adults plan on spending for holiday-related items is $419. If you’re strapped for cash, don’t let the average Christmas spending statistics influence your budget. Holiday retail sales have continuously gone up, and keeping up with the Joneses can lead to a massive amount of post-holiday debt.
How should a family plan for holiday spending?
Create a budget and stick to it. It’s not always easy, but it’s the best way to handle the season, which also usually features an increase in energy costs. Don’t catch the holiday spending fever, and use a family strategy that works for you. While you should pay attention to holiday sales, don’t fall victim to a false sense of urgency. Above all, remember that you don’t have to prove your love through gifts. As so many holiday TV specials preach, the winter season is about family, friends, and much more than just how much you spend!
You might also like...
Planes, Trains and Automobiles
Transportation has shaped our society across the broadest possible spectrum from both practical purposes, as a tool for survival, to aesthetics, as a personal expression and style and a millennium worth of history and science from the Orient Express offering transportation in 1883 to the Japanese Bullet train today that travels 200 MPH, vehicles are critical to our existance and at the same time sensationalized in film, as depicted in James Bond films and unusual video game vehicles. Few things we own have as much importance as the vehicles we own or dream to own one day .
The Ultimate Road Trip
Take time to get out of dodge. Can be a plane, train or automobile. This series focuses on good old road trips. Some are a couple miles down the road and some are across the country or across the ocean to the most fantastic scenery or landmarks you've ever seen. Included are how to prepare, fun on the road, and preparation along the way.