Holiday Spending - Moneyrates' Survey Shows Most Budget Under $1,000
A survey of more than 1,000 consumers indicates their holiday spending plans and how they expect to fund them. Men expect to spend less than women.
Foster City, CA -- November 14, 2019 -- Personal finance resource, MoneyRates.com, just published the results of a consumer survey on holiday spending. Surprisingly, more than one-quarter of respondents say they will not spend extra during the holiday season. Men were more likely to declare that over-spending was off limits this year:
Those planning no extra spending during holidays
- Men: 30%
- Women: 24%
The majority of respondents do expect to spend more in November and December than they do during other months. Consumers say their highest priority spending items are:
- Gifts: 51%
- Food and beverages: 19%
- Travel: 14%
- Charitable donations: 9%
- Entertainment (parties): 7%
Survey results show significant differences between male and female responses. People with travel plans are more likely to have higher spending expectations than those who intend to stay at home.
"While we inquire about consumers' holiday spending plans and how they expect to cover those expenditures, we also offer advice on reining in temptations to overspend," explains Gina Pogol, the study's author. "Along with presenting our survey findings, we discuss ways to finance costs, if necessary."
The full report is available here: www.moneyrates.com/personal-loans/holiday-spending-survey-results.htm
Gina Pogol is available to answer questions about the survey findings and elaborate on the results.
MoneyRates.com is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. QuinStreet is committed to providing consumers and businesses with the information and tools they need to research, find and select the products and brands that meet their needs. MoneyRates.com is a member of the company's expert research and publishing division.
Since 1998, MoneyRates.com has served as a personal finance resource designed to help readers make the most of their money. In addition to a variety of financial calculators, MoneyRates.com researches and tracks CD, savings, and money market rates offered from over 400 financial institutions across the country to offer expert advice on banking, investing and retirement planning.
Sr. Director of Public Relations
Liberty Communications for QuinStreet
Rick Judge, 415-429-5652