Christmas is on the horizon, and Americans across the country are beginning to check their purses in preparation for the big celebration. Although there’s a high case of inflation in the country, and the purchasing power has been depleted significantly, Americans are still projected to spend a lot during the holidays.
There are Christmas trees to set up, presents to share, extravagant meals to prepare, and the list is endless. With this long list, little wonder the National Retail Federation estimated that Americans would spend between $942-$960 billion during the coming Christmas season. However, the financial strain on purses can still be reduced if Americans use discount codes like promocodius.com.
Predicted Spending By Americans
As mentioned earlier, Americans are projected to spend up to $960 billion during the coming holiday season. This is a 6% to 8% jump from the previous year. Although financial experts advise consumers to avoid spending too much during the holiday season, it is almost impossible to avoid ‘overspending’ with the cost of every little thing.
Spending time with family remains an integral part of the holidays. For some families, visiting amazing events like concerts, theatres, sports stadia, and broadway events are important family rituals during the holidays. Moreover, because there are many events to attend, using promo code Seatgeek to get great discounts on event tickets has become popular with most families.
Another unconventional way to spend time with family during the holidays is by playing games Alias, Monopoly or even video games. For families far apart, games like War of Warships can be an excellent way to spend quality time together. It can even get more fun and cheaper with World of Warships codes.
The costs of gift giving during the holidays probably take the more significant chunk of holiday costs. Finding the right gift to buy a loved one can be a heinous task for most people. In light of this, many people choose the gift card route. According to Packaged Facts, Americans spent over $9 billion purchasing gift cards in a full third of 2019’s gift card sales.
Moreover, ROI Revolution also projects that Gen Z will dominate the category for gift card purchases by spending up to $290 each on average – a figure up by 57% from 2021.
Party Throwing
Nothing feels better during Christmas than a good family party where all loved ones gather for a good laugh and meal. However, these parties can come at a high cost. According to a BJ’s Wholesale Club 2019 survey, Americans spend an average of $1422 on a party.
The cost of this for the holidays is pretty high. However, this is a necessary expense as nothing beats quality time with family.
