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Recent Spending Trends. Holiday gift expenditures fluctuate with economic conditions: 2021: Average of $648 per person; 2022: Increased to $832 per person
- Overview of the U.S. Christmas season. Christmas celebration plans among U.S. consumers 2020. Leading holiday shopping concerns during COVID-19 pandemic in the United States 2020.
- Christmas retail. Year-to-year percentage of change in holiday retail sales in the U.S. 2000-2020. U.S. holiday season retail e-commerce revenue 2014-2020.
- Christmas shopping. Spending expectations of U.S. consumers for holiday season 2020. Christmas spending in the United States 2019, by region. Average spending on Christmas gifts in the U.S. 1999-2020.
- Consumer behavior. Holiday gifts: what U.S. consumers plan to buy 2012-2020. Christmas gifts desired by U.S. consumers 2020. Christmas gifts: favorite recipients among U.S. consumers 2020.
Dec 20, 2022 · How much does the average person spend on Christmas gifts? The average person is expected to spend $932 on Christmas gifts in 2022. While Christmas spending does shift year-to-year, its also been steadily on the rise since well before 2006. Between 2012 and 2022 alone, the average per-person Christmas spending will see an increase of at least 21%.
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- Key 2023 American Christmas Spending Stats
- Average Christmas Spending Data
- Us Christmas Gift Spending Over Time
- Us Christmas Non-Gift Spending Over Time
- Average Christmas Spending Around The World
- Us Christmas Spend by Demographic
- Holiday Gift Type by Demographic
- Us Holiday Shopping Preferences
- Conclusion
Americans spend approximately $1,000on Christmas each year.71%of US holiday budgets are assigned to gift purchases.US holiday sales have grown year-over-year for over a decade.96%of Americans buy gifts for their families.Christmas is a major expenditure for many Americans. According to the latest data from the National Retail Federation (NRF), Americans spend an average of $997.73each Christmas. That’s approximately the same as the median pre-tax weekly salary of $1,001. Put another way, the average American spends about a week’s salary on Christmas gifts annually....
The NRF reports that US holiday season retail sales have increased year-over-year since 2008. Last year's holiday season sales totaled approximately $936.3 billion. That’s more than double 2004’s figure of $467.2 billion. Here’s a more detailed look at US holiday sales over time: Despite consistent increases in annual total holiday spending, gift s...
Christmas spending isn’t solely limited to gifts. Americans spend an average of $231on non-gift Christmas expenses each year. In fact, non-gift spending has been on the rise for some time with candy & food the largest holiday expense at $115. That is almost double the amount spent on decorations ($63). Greeting cards & postage cost Americans an ave...
According to WorldRemit data, the average Christmas sees Americans spend $1,236 per year. Yet, that isn’t the world’s highest spender. In fact, Canadians spend almost $1,000 more ($2,100each year). Having said this, of 24 selected countries, America sees the highest proportion of Christmas money spent on gifts (72%). By contrast, just 12%of Cameroo...
US Christmas Spend by Gender
On average, men ($1,046.38) spend almost 10% more on Christmas shopping than women ($952.03). In terms of what the money is actually spent on, there is very little difference between men and women. Data shows that a greater proportion of men buy gifts for coworkers (33% vs 28%). While a greater proportion of women buy candy & food (93% vs 88%). Here are the figures in full:
US Christmas Spend by Age
Breaking things down by age, the 45-54 years age group spends the most, averaging a figure of $1,161.98. At almost half that total, 18-24-year-olds spend the least ($649.81). Here’s the data: Between 95% and 97%of each age group buy gifts for their families. Buying gifts for friends decreases rather consistently with age. At 18-24, 80% of Americans buy gifts for friends. By 45-54, this figure drops to 71%. And at 65+ just 56%buy Christmas presents for their friends. Purchasing gifts for cowor...
US Christmas Spend by Region
Split across four regions (Northeast, Midwest, South, and West), the US is fairly evenly distributed in terms of Christmas spending. There is less than a $100 difference between the biggest average spenders in the Northeast ($1,054.35) and the lowest in the South ($954.52). The second-highest spenders reside in the West ($1,017.20). While the Midwest averages a holiday spend of ($995.68). Here are the most notable takeaways from regional purchasing figures: 1. The vast majority (96%)of reside...
Christmas Gift Preference by Gender
On average, US men and women have significant differences in Christmas gift preference. Despite this, gift cards ranked first as the preferred type of Christmas gift for both men and women. And clothing & accessories was second for both, too. Here’s a breakdown of how popular each type of gift is for both men and women in the US:
Christmas Gift Preference by Age
Age also appears to significantly affect Christmas gift preferences in the US. On average, more young adults want clothing & accessories. The percentage of people who would like clothes decreases at a fairly consistent rate from 65% in the 18-24 years category to 30%in 65+. This is also the case with books & other media, decreasing with each advancing age category from 43% to 25%. In fact, this trend can be seen across 5 of 10 categories. Electronics & accessories drops from 38% to 12%. Home...
Christmas Gift Preference by Region
In terms of demographics, US regions appear to have the least influence over gift preference. Only one gift category has a difference in gift preference greater than 5% - gift cards. 61% of the Midwest would like to receive a gift card compared to 54%of folks living in the West. The average percentage of Americans who said they would like a gift from any given category is as follows: 1. Midwest - 27.3% 2. South - 26.6% 3. West - 26.5% 4. Northeast - 26% Source: National Retail Federation
As of 2022, holiday spending is up in seven of nine retail categories. Here's a look at how each retail category has changed between 2021 and 2022: 1. Online and other non-store sales - %. 2. Grocery and beverage - %. 3. General merchandise - %. 4. Sporting goods - %. 5. Health and personal care - %. 6. Clothing and accessories - %. 7. Building mat...
The holiday season is evidently an expensive time for the average American. And a lucrative time for business. Data suggests that spending is likely to continue as long as the global economy remains relatively stable. If you found our stats on American Christmas spending interesting, give our important shopping trends and important retail trendsa ...
Nov 29, 2023 · 95% of American consumers plan to shop for the holidays in 2023, up 3.26% year-over-year (YoY) from 2022 (when 92% planned to shop). 31% of shoppers planned to spend less in 2023 than they spent in 2022; 20% of shoppers planned to spend more. 43% of Americans began their 2023 holiday shopping in October. 46% of holiday shoppers plan to purchase ...
May 29, 2024 · When it comes to American parents buying gifts for their children, 21% of them spent $50 to $100 per gift in 2022. Only 17% spent more than $200 , and 7% spent less than $25 . Christmas Spending ...
Nov 1, 2022 · Most Americans (84%) plan to buy gifts for friends and loved ones this holiday season, spending $823, on average, according to a new NerdWallet survey. ... These 2022 holiday shoppers plan to ...
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