Here’s How Much Americans Plan To Spend On Christmas Shopping This Year

According to a recent survey, Americans plan to spend an average of $1,047 on Christmas gifts this year. This is up from $935 last year. The survey also found that people are planning to start their shopping earlier this year, with 63% of respondents saying they will start shopping before Thanksgiving.

There are a number of factors that could be contributing to the increase in spending. One possibility is that people are feeling more optimistic about the economy. The unemployment rate is at a 50-year low, and wages are starting to rise. This could be giving people more confidence to spend money.

Another possibility is that people are simply getting more expensive gifts. The average price of a Christmas gift has been rising steadily in recent years. In 2018, the average price of a gift was $48.89. This year, the average price is expected to be $52.18.

Whatever the reason, it's clear that Americans are planning to spend a lot of money on Christmas shopping this year. This is good news for retailers, but it could also put a strain on people's budgets. If you're planning to do some Christmas shopping this year, it's important to set a budget and stick to it. It's also a good idea to start shopping early so you can take advantage of sales and discounts.

Here are some tips for saving money on Christmas shopping:

* **Make a list and check it twice.** This will help you avoid impulse purchases and stick to your budget.
* **Compare prices before you buy.** There are a number of websites and apps that can help you compare prices from different retailers.
* **Take advantage of sales and discounts.** Many retailers offer sales and discounts on Christmas gifts throughout the holiday season.
* **Consider buying used gifts.** There are a number of websites and stores that sell used gifts. This can be a great way to save money on gifts for your loved ones.
* **Get creative.** You don't have to spend a lot of money to give a meaningful gift. There are a number of ways to make your own gifts, such as baking cookies or making a photo album.