Get Et December Holiday Budget

And that all adds up. Moms and dads spent $422 per kid on average last year, with a third dropping $500 on each child aged 8 to 14, according to T. Rowe Price's Parents, Kids & Money Survey. That's partly because 66% of surveyed parents said their kids expected to get everything they wanted.

1. Christmas. Christmas is by far the largest holiday in terms of spending, which is why so many retailers rely on the fourth quarter retailing season to drive their earnings.

Christmas and Other Winter Holidays Consumers spend $630.7 billion during the winter holidays. That is nearly ten times the other five expensive holidays combined. Each individual spends about $805 on themselves, friends, and families.

Key Takeaways. Nearly every year since 2009, American consumer spending on holiday gifts and other holiday expenses has increased over the previous year. For 2020, Americans, on average, expect to spend $998 on gifts, holiday items, and other expenses during the holiday season, down $50 from 2019.

In 2018, U.S. households spent an average of $1,536 during the Christmas holidays. In 2019, the average amount spent dropped to $1,496. Only about a third of that figure represents the average amount spent on Christmas gifts and gift cards: $511.

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The average household income was around $50,000. If you make $25,000, then you would be half of average, and you should have as your guideline for your whole Christmas budget about half of the average, or about $400. ... A family making $50,000 should spend around $800, and that's the entire Christmas budget.

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Christmas The most prevalent meaning of Christmas comes from the Christians who celebrate Jesus' birthday. ... Most experts agree that Christians borrowed the date from the ancient Roman holiday that celebrates the winter solstice.

Key Takeaways. Nearly every year since 2009, American consumer spending on holiday gifts and other holiday expenses has increased over the previous year. For 2020, Americans, on average, expect to spend $998 on gifts, holiday items, and other expenses during the holiday season, down $50 from 2019.