How much money is spent on Christmas decorations each year?

How much money is spent on Christmas decorations each year?

The Annual Cost of Holiday Cheer Based on our findings, the average person in the United States spends approximately $269 on decorations each year and around $549 on gifts for family and friends. Not including food or travel expenses, this comes out to about 8% of our annual income.

Decorating for Christmas involves more than just hanging stockings by the chimney with care. The process can be quite expensive, especially if you hire a contractor to do the work for you. Then there are other costs associated with celebrating the holiday, such as buying gifts for others, traveling to visit relatives, etc. If you're able to save some of your earnings this year, then you will have enough money left over to cover these expenses.

The total cost of Christmas celebrations is estimated to be about $7 billion. This includes purchases made during the holiday season and after it ends (e.g., meals purchased online vs. in-store).

Out of all the expenditures related to celebrating the holiday, decorations account for about 80%. Stockings, lights, and other items used in decorating homes and businesses are expensive! And even if you choose not to buy anything special, stores still offer huge discounts so people tend to spend anyway.

How much money do people spend on Christmas lights each year?

According to our statistics, the average American spends roughly $269 on decorations each year and approximately $549 on presents for family and friends. Both figures are up from last year.

The amount people spend on Christmas lights is steadily increasing; according to Nielsen Research, the average American spent $170 on decorations in 1999. This number has increased every year since then and was again estimated to be about $200 this past holiday season.

Many people choose to use more than one string of lights when decorating their homes. The National Christmas Tree Association reports that Americans put up nearly 5 million light strings of various sizes this past Christmas season. This amounts to almost $500 million in sales!

Christmas light sales have also increased over the years. In 1998, retailers sold about $150 million worth of lights; by 2007, this number had grown to over $400 million.

Do you know how many lights it takes to make a fortune? No, but we can guess. It takes about 250,000 lights to earn $1 million dollars. And we know that most people don't make money with just one company - they usually have several jobs so they can afford all their Christmas lights.

How much do you spend on Christmas decorations?

Planned consumer holiday expenditure on decorations in the United States from 2004 through 2020. In 2020, Americans intended to spend an average of $60 USD on Christmas decorations. This represents an almost 20-dollar increase over 10 years ago, when customers paid around 41 US dollars. The fastest growing category of Christmas decoration spending is tree products, which are expected to see their annual sales increase from around 1.6 billion US dollars in 2004 to nearly 2 billion US dollars by 2020.

Out of all the categories, trees are also the most expensive, with an average price of 243 dollars. However, they cover the largest area per product, with an average size of 30 square feet. This makes them the best value for your money.

The second most expensive category is lights, with an average price of 98 dollars. This represents a rise of more than 50 percent since 2004. Lights are projected to be sold in greater quantities this year, with consumers expecting to buy around 17 million LED lights. This is a large increase from just five years ago, when only 1.5 million LED lights were expected to be bought by customers.

Finally, garland and bows account for the third highest amount spent on decorations. On average these products cost 44 dollars, which is a small increase since 2004. But even so, the volume of products sold is expected to rise significantly over the next decade, due to popular trends like green decorating.

How much does the average household spend on Christmas decorations?

Americans intended to spend an average of $60 USD on Christmas decorations in 2020. The amount people spent increased even more in the past year - up 30 percent - and is expected to rise further this year.

Decorating for Christmas isn't just about putting up lights and hanging stockings. It's also about giving things that special something extra. That could be as simple as adding some glitter to your snowmen or sprinkling sanding sugar into your tree stand. No matter what you choose to decorate with, just make sure it makes you smile!

The average American household spends around 8 percent of their income on Christmas gifts and services. This means that they should plan to have around 80 dollars available each week if they want to afford a festive holiday season.

People usually start saving up their Christmas presents early in the summer, when they're buying gifts for friends and family. In fact, 40 percent of parents say they've been buying gifts since before Halloween this year! After you've selected gifts for everyone on your list, come back and check out our tips for packing heavy at school gift fairs.

How much do you spend on Christmas gifts for your family?

Making a financial plan According to the National Retail Federation's annual holiday shopping study, the average American will spend $659 on presents for family, friends, and coworkers in 2019. Gallup estimates the average to be $942, with more than a third of respondents expected to spend more than $1,000 on presents.

The majority of people will spend less than $100 on gifts for family members this year. Around 20 percent of Americans say they'll spend between $100 and $149 on gifts for their families. A small but significant percentage (5 percent) is planning to splurge on gifts for everyone on their list, including themselves, reports CNBC.

Spending more than $150 on gifts is rare but not unheard of. The National Retail Federation estimates that 1 in 10 Americans will drop about $250 on gifts this year. However, only 1 in 100 people will spend more than $350 on presents.

It's very common for people to underestimate how much they should be spending on gifts. In fact, 90 percent of people expect to spend less than they actually do. About 8 percent of people say they'll spend exactly what they budgeted for gifts, while just 2 percent expect to spend more than they planned.

People often feel pressured into spending more money on gifts. In fact, 40 percent of respondents say they often feel forced to buy people expensive gifts during the holiday season.

How much do you spend on Christmas gifts?

Since 2009, nearly every year, American consumer expenditure on holiday presents and other holiday costs has risen over the preceding year. Americans intend to spend $998 on presents, holiday merchandise, and other costs on average over the holiday season, a $50 decrease from 2019. The amount of money people expect to spend on gifts is up for the third year in a row.

Of that total, Americans plan to spend $550 on gifts for others and themselves. That's a decline of $100 from last year. Holiday shopping can be an expensive endeavor, especially if you're buying gifts for people who like high-end products. Of those planning to spend more on gifts, 44 percent say they will increase their spending by $100 or more this year compared to 34 percent who said the same last year.

Half of all Americans say they'll spend less than $150 on gifts this year, while one in four (24%) expects to spend between $150 and $500. Only 16 percent anticipate spending more than $500 this year.

Women are most likely to say they'll spend less than $150 (55 percent). Men are more likely to say they'll spend between $150 and $500 (28 percent), with only 13 percent expecting to spend less than $150 this year.

About Article Author

Lynn Surface

Lynn Surface is a lover of all things home and design-related. She loves to create spaces that are inspiring and comfortable at the same time. Lynn has an eye for detail and the ability to know what pieces of furniture or decor can make or break a space.

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