Holiday gifts planned to buy United States 2023 | Statista (2024)

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2023 Christmas Gift Spending Plans Down Slightly from 2022

Shoppers around the country say they are planning to spend an average of $793 for gifts this holiday season, down from $822 last year according to the 39th annual survey on holiday spending from the American Research Group, Inc.

2023 Christmas Gift Spending Plans Down Slightly from 2022

Shoppers around the country say they are planning to spend an average of $793 for gifts this holiday season, down from $822 last year according to the 39th annual survey on holiday spending from the American Research Group, Inc.

The most popular of these gifts are clothing, toys, and gift cards. Around 76% of consumers buy each of these items every year. One surprising area of Christmas spending is on pet presents.

Americans are individually expected to spend about $1,000 across gifts, decorations, food and other holiday spending. Unsurprisingly, gifts typically make up the majority of Christmas spending, at $648 per person.

Christmas, New Year's Eve, and Valentine's Day are the most popular holidays for spending money worldwide.

The most unwanted gifts people receive are diet plans, cufflinks and soap on a string. A poll of 2,000 adults found 75% receive up to seven presents each year which they'll never use — with friends, children and colleagues labeled as the worst present givers.

The rich copper brown statue was officially unveiled on 28th October 1886, clutching a tablet inscribed July 4 1776. Now more widely recognised by the blue-green patina which developed over her first 25 years in New York Harbour, The Statue of Liberty remains the largest Christmas gift ever given.

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While the top recurring gift was found to be sweets (47%), other gifts that were high on the list were self-care items (33%) and a toothbrush (32%). Accept Advertisem*nt cookies to view the content. Books (34%) and underwear (30%) were also in the top 10.

Make a list of your grandkids and split the money evenly between each kid. This is a great way to figure out how much to spend if you don't want to overthink it or you want to be totally fair. For example, if you've got $1000 for 8 grandkids, that works out to around $125 each.

A budget of around $100 is standard for longer relationships. If you're married, $100 is the median amount, and the top 25% of couples spend $300. Remember these are guidelines; you should not feel obligated to match these amounts if you're under financial stress.

What is a Realistic Budget for Christmas Gifts? A realistic budget for Christmas gifts depends on individual financial circ*mstances. However, a common guideline is to allocate around 1-2% of your annual income for gifts.

NRF had forecast that 2023 holiday sales would increase between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion.

Hint: a lot. (NEXSTAR) – You would have to splurge a bit to buy your true love a partridge in a pear tree and two turtle doves in 2023. The total cost of all the lavish gifts mentioned in the “Twelve Days of Christmas” carol reached an all-time high of $46,729.86 this year, according to PNC's Christmas Price Index.

Just one in five say they'll buy more gifts for others this holiday season, compared to recent past years, and this is true even among higher-income earners and those who say they can afford to live comfortably. In contrast, more than a third say they will buy fewer gifts.