Below is a look at the average cost of the American holiday season and a glance at why the cost is steadily rising. This is the time of the year when people get together, enjoy some good old family time and, of course, spend copious amounts of money. Along with consumers' record-high average spending estimate, the new poll finds 37% of Americans saying they will spend $1,000 or more on gifts. For the 2017 Holiday season, the average American is set to spend around, a significant increase from last year's figure of $785. Oh and new Turtle Beach headphones for Xbox One. Households in Scotland and northern England will spend more than average at … People spend this money on a number of things such as gifts, food, vacations, and outings. All those romantic souls who want to strike an emotional note with a handcrafted gift might be in luck: 35.8% of women would love a handmade present. 2017 Spending Outlook. The financial institution questioned 2,000 people on their Christmas spending habits, discovering the average amount people plan on spending on their children, partners and parents. Around 13% of respondents have spent between £250-£300. "After all they’ve been through," Kleinhenz says, "we think there’s going to be a psychological factor that they owe it to themselves and their families to have a better-than-normal holiday. © 2021 Copyright fortunly All rights reserved, 15 Insightful Pet Spending Statistics: Americans are Spending More on Pets Than Ever, 40 Eye-Opening Health Insurance Statistics You Need to Know. The internet makes it easier to compare prices, find new deals, and get a comprehensive look at what each retailer offers. I think it'd be more reasonable to spend between $100 and $200 on all of your kids combined (i.e, $25 to $50 per child). Keep in mind, though, that these stats about Christmas are merely consumer self-assessments. According to the most recent survey, the average American spends $271 per kid. There’s nothing worse than watching that special someone put on a fake smile after receiving an unwanted Christmas gift. Projected annual inflation rate in the United States from 2010 to 2021. If you buy them after Christmas, can they even be considered Christmas gifts? On average consumers will spend $50 or more on flowers, cards, and postage. For men, Christmas shopping seems to be a lot simpler. My response probably won't help you but my ds is 15 and I spend approx £500 on him at Christmas, possibly more. WASHINGTON, D.C. -- Americans predict they will spend an average $805 on Christmas gifts this year, significantly below their estimate a year ago ($942) and the lowest October holiday spending projection Gallup has measured since 2016. Another 32% want clothing for Christmas, but nearly half (45.6%) receive it, suggesting that around 13.5% aren’t too thrilled with their hand-knitted socks from grandma. COVID-19 is expected to shift priorities, resulting in less spending on travel and more spending on family and friends. A study of 2,000 adults found celebrating the festive season by buying presents, food and drink, and outfits for parties will see them splash out an average of £973.80 per person. "2020 Overview." Only 4% of intend to spend more on Christmas this year, while 10% are unsure if their spending habits will change. On the other hand, those people who are willing to accept social media influence say they mostly take advice from their friends and/or family. Also Read This Interesting Article on The Price of a Christmas Meal for The Entire Family Whether or not this decision pays off in the long run remains to be seen. Over the past decade, e-commerce has captured an increasing percentage of holiday spending. 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