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.
Winter Holiday Spending Per Capita
Includes decorations, candy, gifts, and purchases for themselves and their families
Least spent per capita
Most spent per capita
Top 10 Holidays by Total Spending
|Holiday||Projected spending in 2017|
|Back to school (includes college)||$83,600,000,000|
|Saint Patrick’s Day||$5,300,000,000|
How does the winter holiday season compare to other holiday shopping statistics?
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...
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.
The key to enjoying personal financial health is by making the most of the money you have. It always helps to save a little more, spend a little less, and manage what you have today. Get to know tips and creative ways to live better on less. Learn how to get resourceful by recycling, and even how to make extra cash on what you don’t need. Financial fluctuation may be inevitable from time to time. How you handle and plan for it can make all the difference. Let's start planning today for a more enjoyable tomorrow and more empowered future.