20/02/2024

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4 tips to stay on budget this holiday season

4 min read
4 tips to stay on budget this holiday season

Overall, holiday spending is expected to go up this year, Bloomberg reported based on a new Deloitte survey of over 4,000 U.S. adults. But for those facing the economic realities of student loan payments resuming and real wage growth stalling, those increases will be more modest.

According to Bloomberg’s reporting on the Deloitte survey findings, “shoppers with yearly household incomes between $50,000 and $99,999 expect to spend 26% more this year, or about $1,534,” while “those who earn $200,000 or more expect their holiday spending to increase 22% to $3,922.” Meanwhile, those “with yearly household income between $100,000 and $199,999 only plan to spend about 2% more this year, or $2,167, as college debt loads — coupled with a lack of real wage growth — makes this demographic less optimistic about holiday spending,” Bloomberg reported.

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