Christmas spending stats around the world
Did you know that shoppers are likely to spend over $£1 trillion for Christmas? Festive shopping starts in October and continues uninterruptedly until the 24th of December. From decorations to gifts, to parties, many people save their money all year round to spend it during the festive season.
As we love data, today’s blog post highlights some worldwide Christmas spending statistics.
Are men or women who spend more during Christmas?
You’d say, women, right? You’re wrong. With so many people celebrating this day all around the world, both male and female shops equally during the festive season, with men tending to spend more than women.
Who are buyers purchasing presents for?
From friends to family, to colleague, shoppers buy gifts for everyone during Christmas; also, buyers love spending their money on their pets, purchasing items worth £129!
What kind of gifts do people usually buy for Christmas?
Clothes and electronics are the most purchased products. However, gift cards, holidays, toys and candies are very common gifts. Also, did you know that 20% of individuals consider cash as a possible gift for Christmas?
Events and decorations
Not only do people spend their money on gifts, but also on events and ornaments. During the festive holidays, consumers use their savings to organise parties and celebrations along with buying food and adornments for their houses. Did you know that buyers spend an average of $200 each on Chrismas decorations every year?
Let’s conclude with three interesting facts
- Despite common thoughts, Christmas is not all about spending money on others. The average buyer spends over $100 on themselves during the festive period.
- The Saturday before Christmas is considered one of the busiest shopping days of the year.
- Finally, 46% of people prefer purchasing their gift online rather than in a physical shop.
Christmas shopping continues its growth year by year and seems not to slow down. Although people already spend all their savings to purchase their gifts, it doesn’t seem they will stop doing it. This way, they will keep boosting the economy of their countries.