“Shop ’til you drop” might not play as well this year…
While it is common financial advice to not spend beyond your means, surveys claim that people plan on spending less during holidays this year.
However, the same survey finds that they plan to spend about as much on gifts as last year.
Historically, Americans spend over a thousand dollars on debt based purchases during the holiday season.
Holiday spending forecasts predict a lower than average increase in spending, about 1.5%, where the average is 4.1%.
This year, Thanksgiving is on the 26th of November.
Post Thanksgiving holiday shopping is expected to drag on longer than ever this year.
By Michael Carver
November 25th, 2020 5:55 PM
Featured Image Credit: “shopping 2” by wolfgangfoto is licensed under CC BY-ND 2.0