How much do Americans spend during Christmas:
->The average family budget for Christmas in 2012 is $749.51. That’s up over from the $740.57 from the last year.
-> Early shoppers spend 14% more than the average shopper
-> US parents are spending $271 on average per child this festive season.
Breakdown of holiday spending:
-> Gifts: $548.56
-> Food and candy: $100.76
-> Decoration: $51.99
-> Greeting cards: $28.66
-> Flowers: $19.55
How people fund their holiday shopping spree.
-> 65.8% will use their salary or other income
-> 38% will use all or some of their savings
-> 29% will cash in retailer reward points
-> 17% will borrow from some other source
The most requested gifts this holiday season:
-> 59.8%: gift cards
-> 49.1%: clothing
-> 45.7%: books, CDs, DVDs and video games
-> 35.8%: electronics
-> 24%: jewellery
-> 20.2%: Home decor
-> 17.4%: sporting goods
Source: Funsherpa