Christmas and Cash

Christmas+and+Cash

Between gifts, holiday parties, and decorations, Christmas in America seems to be becoming more and more extravagant. 

The average American spends more on Christmas, compared to the past years; this leaves many people in debt or unhappy with how much they have spent. 

When it comes to Christmas, Americans are the world’s biggest spenders. Overall, Americans have spent well over $1 trillion on Christmas last year. According to a Retail Me Not Survey from 2017, “Parents planned to spend an average of $330 per child. American adults expected to pay about $885 on gifts last year — and generally, people end up spending more than they expected.” 

In the recent years, decorating has gone over the top in America. Even something as little as Christmas lights can be very costly. Statistics from HomeAdvisor, a marketplace for homeowners claims, “Making seasons bright can cost between $80 and up to $300 just for the light strands alone, and homeowners shell out an average of $404 for getting Christmas lights installed outside of their homes, a cost that can range between $202 and up to $607.” 

Although fake Christmas trees are becoming more and more popular, for many Americans, nothing beats the real thing. Christmas stats from the National Christmas Tree Association stated, “There are around 350 million Christmas trees growing on U.S. farms, which is more than enough to satisfy the market’s demands. 27.1 million real Christmas trees were sold in 2017. A year later, the number grew to 32.8 million.” 

To conclude, the cost of the holidays is steadily rising year after year; between the baking, parties, decorating, gift giving, Christmas really has become more extravagant!