Interesting Statistics on Christmas Spending in the US

by Hank Coleman

Let’s face it, we all love Christmas. We get so caught up in the festive frenzy that we forget about the crazy prices that can build up over the course of the month of December.

Avant Credit recently looked into the state of spending over the Christmas period in the US in 2015, and came back with some interesting statistics.

  • Over 50% of the gifts are clothing and accessories with only 22.8% of the gifts being electronic items
  • Over 50% of millennials want experiences rather than physical gifts
  • 58.8% of Americans would prefer a gift card at Christmas
  • The most popular gift cards are from restaurants, followed by department stores, and coffee
  • 22% of Americans were waiting for the best deals before purchasing
  • 56% spent their money on gifts for family, with 10% spending money on friends at Christmas. 
  • $1779 is the total amount spend on Christmas per family in the US
  • Insanely, 66% of people planned to shop in the week AFTER Christmas!

What do Americans spend their money on during Christmas? Is Christmas spending out of control? Here are some interesting statistics on Christmas spending. Check out the infographic below for more information, including some tips to reduce your spending for this year and beyond:

Christmas Spending in the United States - Avant
Provided by Avant

Ultimate Checklist for Your Finances

Take back control of your finances!

Get a FREE checklist for the money moves to make in the New Year.

Also get new articles, advice, and tips delivered right in your email inbox with our newsletter!

myFICO Score Watch Trial

About Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications. Hank holds a Master’s Degree in Finance and a graduate certificate in personal financial planning. Email him directly at Hank[at]

Hank Coleman has written 582 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman.

Subscribe To Money Q&A

If you want to learn more about taking back control of your money please subscribe to Money Q&A’s RSS feed or via email to receive all the latest articles! You can also subscribe to our Free Weekly Newsletter.

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: