{"id":360431,"date":"2021-12-14T10:42:25","date_gmt":"2021-12-14T17:42:25","guid":{"rendered":"https:\/\/www.creditrepair.com\/blog\/?p=360431"},"modified":"2022-04-18T13:21:08","modified_gmt":"2022-04-18T19:21:08","slug":"holiday-spending-statistics","status":"publish","type":"post","link":"https:\/\/www.creditrepair.com\/blog\/finance\/holiday-spending-statistics\/","title":{"rendered":"25 holiday spending statistics: Unwrapping what Americans spend the most on"},"content":{"rendered":"\n
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With the holiday season around the corner, there are many holiday spending statistics from previous years that may be useful to know. For example, knowing what other people are shopping for can help you choose gifts that won\u2019t run out of stock. And gauging how much other shoppers are spending can help you estimate how much you may want to spend. <\/p>\n\n\n\n

For those who don\u2019t just give money <\/a>for the holidays (maybe you give moments instead<\/a>), these 25 holiday spending statistics can give you a look into what you can expect while holiday shopping this year.<\/p>\n\n\n\n

Holiday sales statistics<\/h3>\n\n\n\n

Knowing what gifts people are spending their money on can help you make a decision when doing your shopping.<\/p>\n\n\n\n

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1. Holiday sales are predicted to reach at least $834.4 billion between November and December 2021. (National Retail Federation<\/a>)<\/p>\n\n\n\n

2. 2021 holiday sales are predicted to increase between 8.5 and10.5 percent over 2020 sales. (National Retail Foundation<\/a>)<\/p>\n\n\n\n

3. Shoppers plan to spend an average of $998 on holiday purchases this year. (National Retail Foundation<\/a>) <\/p>\n\n\n\n

4. 56 percent of consumers hope to receive gift cards as a gift this holiday season. (National Retail Foundation<\/a>) <\/p>\n\n\n\n

5. 32 percent of all gift card purchases this holiday season are expected to be for restaurants. (National Retail Foundation<\/a>)<\/p>\n\n\n\n

6. LEGO and Barbie have topped the list of the top children\u2019s toys for boys and girls, respectively. (National Retail Foundation<\/a>)<\/p>\n\n\n\n

7. Going into the 2021 holiday season, there is a 172 percent increase in out-of-stock messages. (Adobe<\/a>)<\/p>\n\n\n\n

This year, more products are out of stock than usual due to supply chain issues. Plan your purchases ahead of time, if you can, and be flexible with gift ideas if you can\u2019t find exactly what you are looking for.<\/p>\n\n\n\n

Holiday shopping behaviors<\/h3>\n\n\n\n

Every year, companies track the shopping behaviors of consumers to better understand what they\u2019re looking for and what they\u2019re worried about. Knowing and addressing consumer concerns is the best way companies can keep you happy.<\/p>\n\n\n\n

8. 75 percent of holiday shoppers are concerned about products being out of stock. (Deloitte<\/a>)<\/p>\n\n\n\n

9. Almost 70 percent of consumers expect prices to increase this holiday season. (Deloitte<\/a>)<\/p>\n\n\n\n

10. Social media influences the holiday purchases of more than 80 percent of younger consumers, including millennials and Gen Z. (McKinsey & Company<\/a>)<\/p>\n\n\n\n

11. 62 percent of consumers were unable to purchase at least one item on their shopping list due to shortages. (McKinsey & Company<\/a>)<\/p>\n\n\n\n

12. 61 percent of consumers said they plan to purchase from local and independent retailers. (FedEx<\/a>)<\/p>\n\n\n\n

13. 65 percent of shoppers prefer to buy from companies that practice sustainability. (FedEx<\/a>)<\/p>\n\n\n\n

14. 91 percent of shoppers admit to making their holiday purchases at the last minute. (Inmar<\/a>)<\/p>\n\n\n\n

Understanding holiday shopping behaviors can also help you avoid any crowds and make your purchases on time\u2014if not for this season, then for the next!<\/p>\n\n\n\n