How much do you plan to spend on holiday gifts? The average American plans to spend over $2,000 this holiday season, a recent survey found. 73% of 2,000 participants say financial stress takes away from their enjoyment, and 17% say this stress ruins the holidays completely. 20% think they’ll financially recover by May 2025. “While most want to put money into making the season special for their loved ones, there can also be pressure from internal and external sources to spend beyond your means,” Brad Stroh of Achieve said. “It’s important to take a step back and evaluate your spending habits during the holidays.” Americans’ average unsecured debt is around $23,500. (swnsdigital)
Phone Topic: Do you purchase one big gift for loved ones, or many smaller gifts?