People Want to Spend Less Than $100 for Holiday Gifts, But Admit They Can’t Stick to a Budget. Check out the infographic! https://lnkd.in/eBjrt3G

1. Credit Sesame surveyed 500 shoppers
and asked how much they planned on
spending on gifts and decorations for
the holidays. 28% said they plan to
spend under $100 on gifts and
decorations. This is way lower
than Gallup's estimate, that said
Americans would spend an average
of $830 on holiday shopping. It's
also lower than the National Retail
Federation (NRF), which said
consumer planned on spending
about $800 on gifts.
$830
$100
Here are more results from Credit Sesame’s 2016 holiday spending survey:
of respondents
plan to spend
under $100
on gifts and
decorations
28% of respondents
answered “I don’t have a
budget” to describe how
they managed holiday
spending in past years.
40%
I don’t have
a budget!
I‘ll spend
under $100!
Another 20%
admit that they
“typically
exceed” their
holiday budget.
20%
I've exceeded
my budget!
www.creditsesame.com
Almost two-thirds (62.2%) said they won't
buy themselves a gift, even though the NRF
reported more than half of shoppers bought
themselves something last year.
According to our survey
results, older shoppers
were less likely to splurge
on themselves than their
younger counterparts.
No! Yes!
People Want to Spend Less
Than $100 for Holiday Gifts
But Admit They Can't Stick to a Budget