Hope you’re saving money, because Christmas is going to do its best to bankrupt you this year.
A new study by the consulting company Deloitte found the average person will spend almost $1,500 on the holidays this year. Here’s how that breaks down . . .
- $487 on gifts.
- $348 going to holiday parties.
- $212 hosting holiday parties.
- $182 on clothing for yourself or your family that ISN’T a gift.
- $124 on decorations.
- And $110 on random other expenses.
That’s a total of $1,463 . . . so only one-third is going toward gifts.
And that total doesn’t include things you buy for YOURSELF. Half of people say they plan on getting themselves a gift or two while they’re shopping.
(On a related note, another survey found that 71% of people say the thing that gets them into the “holiday spirit” is . . . shopping.)