How Much Americans Spend On Christmas Shopping: A Data-Driven Analysis
According to a recent survey by the National Retail Federation, Americans are expected to spend an average of $1,047.83 on Christmas shopping this year. This represents a 4.1% increase from last year's spending of $1,007.24.
The survey also found that the majority of Americans (65%) will start their Christmas shopping in November. The most popular items on shopping lists this year include clothing and accessories (57%), electronics (47%), toys (43%), and gift cards (42%).
Data from Adobe Analytics shows that online Christmas shopping has been growing steadily in recent years. In 2020, online sales reached $188.2 billion, a 32.5% increase from 2019. This trend is expected to continue in 2021, with online sales projected to reach $206.8 billion.
The increase in online shopping is likely due to a number of factors, including the convenience of shopping from home, the wide selection of products available online, and the often lower prices found online.
Despite the growth of online shopping, brick-and-mortar stores still account for the majority of Christmas sales. According to the National Retail Federation, 68% of Americans plan to do at least some of their Christmas shopping in stores this year.
The most popular in-store shopping destinations include department stores (36%), discount stores (33%), and specialty stores (31%).
Regardless of where they choose to shop, Americans are expected to spend a significant amount of money on Christmas this year. The average American will spend over $1,000 on gifts, decorations, and other holiday-related expenses.
This spending is a major boost to the economy, and it helps to create jobs and support businesses. It is also a sign of the importance that Americans place on the holiday season.
Here are some tips for saving money on Christmas shopping:
* Start shopping early. The earlier you start, the more time you will have to compare prices and find the best deals.
* Set a budget and stick to it. It is easy to get caught up in the holiday spirit and overspend, so it is important to set a budget and stick to it.
* Take advantage of sales and discounts. Many stores offer sales and discounts throughout the holiday season, so be sure to take advantage of them.
* Shop around. Do not be afraid to compare prices at different stores before you make a purchase.
* Buy in bulk. If you are buying items for multiple people, consider buying in bulk to save money.
* Use coupons and promo codes. There are many ways to find coupons and promo codes online and in stores.
* Get creative. There are many ways to save money on Christmas shopping without sacrificing quality. Get creative and come up with your own ways to save.
