Let’s face it: with the holidays come bills. And with that in mind, the financial site WalletHub polled 1,000 Americans and crunched the numbers to see just what we want, how much we’ll spend, and how long we’ll take to pay for it all.
First things first: don’t put off picking out that special something for that special someone — 46% of people think last-minute shoppers give bad gifts.
Here are some other holiday gift-giving facts from WalletHub’s survey of 1,000 American adults
- 27% of consumers will spend less on holiday shopping this year than last year.
- 52% of people don’t think black Friday sales are anything special — 54% of women feel that way, as do 49% of men.
- 64% of people older than 59 don’t buy into Black Friday deals; 37% of people 18 to 29 don’t, either.
- 36% of people say Santa is less generous now than when they were young.
- 35% say he’s more generous.
- 29% say there’s been no change.
The holidays and debt:
- 35 million Americans still have debt from last holiday season.
- 1 in 5 Americans will owe holiday credit card debt into February at least.
- 58% will pay their credit card debt in full by due date.
- 19% will pay in full by New Year’s Day.
- 23% will have a holiday balance after January.
What does everybody want?
- Gifts cards — 32%
- Electronics — 30%
- Clothes — 15%
- Books/E-books — 8%
- Furniture Appliances — 7%
- Jewelry — 5%
- Toys — 3% (Hey, these were adults who were polled.)