When you’re a kid, the holiday season is a magical time of year. You may be waiting for Santa to come down the chimney with all of your presents or celebrating eight nights of gifts during Hanukkah.
Being an adult during the holidays is still fun too, but it comes with the added stress of planning parties, buying gifts, traveling, decorating the house, and meeting expectations from friends and family. We broke down just how much people truly spend on the various trappings of the holidays during this magical – and expensive – time of the year.
20. Season For Spending
According to the National Retail Federation, the average American plans to spend a total of $1,048 during the holiday season. This covers all of the presents they are buying for their family and friends, decorations, candy, and more. Of course, this is just the average. Parents with multiple children can easily spend more, especially if they are eager to buy their kids everything they asked Santa for.
Many people like to take advantage of Black Friday deals and get their holiday shopping done in November. The average shopper spends $361.90 on during the sales on Thanksgiving weekend. However, a very small fraction of people (about 9%) are able to accomplish getting every single person on their list finished in one day.