Consumers in the United States were asked how much they generally intend to spend on Christmas gifts for their children. During the study, 17% of respondents stated that they intend to spend more than $200 on Christmas gifts for each child. Another 28% plan to spend between $100 and $200, while 46% plan to give gifts that cost less than $100.
When broken down by family income, those with incomes over $150K plan to spend about $200 on average for their children, while those who make $30K or less plan to give gifts that cost on average only $60.
What's interesting is that higher-income families say they want to give kids more expensive gifts, while lower-income families tend to favor simple gifts over pricey ones. It may be that high-income families can afford to buy more expensive gifts or may feel like they should since they can afford it; low-income families may not have enough money for anything other than simple gifts.
The survey also asked what type of gift parents intended to give their children. Cash was the most common form of giving, followed by store credit cards and then checks. Only 7% of parents said they planned to give their children money, but buy them items worth $5,000 or more.
The most frequent per-child budget was PS100. Nationally, the average total spend on Christmas presents per home was PS363, according to a Nationwide Building Society study of 2,000 individuals throughout the UK. According to the poll, each youngster in the country receives an average of PS67.50 in gifts during the holiday season.
In fact, children are the most popular gift recipient, with 85% of parents claiming them as their top choice. Next most popular are spouses/partners, followed by friends/family and then work colleagues.
Spending on children is highest for babies, with on average PS100 spent nationally on toys for boys and PS80 spent on girls. Youngsters between one and four years old account for half of all spending on children's gifts. Parents claim that they use their budget to make their children feel loved and appreciated during the holiday season.
As far as adults are concerned, spending on them is fairly equal: PS40 is spent generally on men and women alike. Friends and family are chosen as the main source of inspiration for gift purchases, with colleagues next most frequently cited.
Finally, there's money left over after buying everyone else's gifts. This is divided up among pet owners, who receive on average PS5 remaining after purchasing dogs, cats, birds and other animals' presents; and smokers, who are given PS10 leftover after buying cigarettes.
Americans will spend an average of $942 on Christmas presents this year, up $57 from previous. One-fifth of individuals in some nations fall into debt to pay for Christmas gifts and festivities. Despite growing environmental awareness, half of the population would buy the perfect present regardless of the environmental cost. Americans' biggest spending categories are jewelry, followed by clothing, then electronics.
Christmas has become a major consumer holiday in many countries around the world. It is estimated that Christmas markets contribute $1 billion to $1.5 billion to Germany's economy. In France, Italy, and Spain, sales at food courts near churches on Christmas Day can reach $10 million per day. In Japan, which has no Christian tradition, retailers make the most of the Christmas season by opening new stores or remodeling old ones.
In Asia, Christmas is not a public holiday, so shops are open but few people go shopping. In Europe, North America, and Oceania, Christmas is a public holiday, so stores are closed but people go shopping anyway.
The Christmas market in Deutschland is huge. It takes place every year in December in cities all over Germany. The best known of these markets is the one in Munich. It has been said to be one of the largest Christmas markets in the world. Shopping here is very popular among Germans because prices are low compared to other European markets.
The average UK adult, for example, is believed to spend roughly PS330 on Christmas presents, while the average child receives 16 things in total. This works out at an average of just over PS45 per person.
In fact, the average household spends around £750 on Christmas presents, which includes people outside the family too. This works out at around PS$10,250.
Almost half of all UK adults plan to spend more this year than they did last year, while one in five plan to spend less. Around two-thirds of parents say they're spending more on gifts this year because they want to give their children something special. The remaining third say they are doing so because they cannot afford to spend as much time with their families anymore or because they believe it is important for children to learn to be responsible for their own gifts.
A third of parents admit that they often buy gifts for others instead of buying themselves a treat. This is particularly common among mothers who say they feel guilty if they ask someone else to help pay for their gifts. Fathers also tend to spend more on others rather than themselves; around one in four admit that they have bought items for their partners to enjoy instead of taking time out for themselves.
What should you spend on a teen for Christmas? If your budget allows it, they can cost up to $50 each, plus tax, if your budget allows it. With four grandkids, my entire budget is $200. They always seem to put out more than that though, so I never know how much they actually use.
Here's an example: If you want to get them something nice but not expensive, then you should give them about $25 or $30.
If you want to get them something very specific, like a smartphone, then you should give them around $50. It's better to give them one gift rather than multiple small gifts because you want them to feel special even just for one day.
Finally, if you want to give them something inexpensive but useful, then you should give them around $10-15. For less than $10, they might not think of you every time they need a pen or pencil case. But for more than $15, they probably have other things they want instead.
Teens love gifts that show you took the time to think about them, like books, movies, or games. These are all affordable gifts that anyone could buy.
If you give your teen $150 or more, they will love you for sure!
Copyright © 2020 - 2023 Anything For Family Inc.
