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Consumers Feel Frugal This Holiday Season
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Consumers Feel Frugal This Holiday Season
Consumer spending will likely be lower this holiday season, as US households plan to spend an average of $390 on Christmas gifts, compared with last year`s estimate of $418, according to the Conference Board Christmas Spending Survey.
The top holiday spenders are expected to be New England households (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont), which expect to spend an average of $534. The lowest holiday spending is expected in the Mountain Region (Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming), where consumers intend to spend $332 on Christmas gifts.
Source:
http://www.marketingprofs.com/charts/2009/3205/consumers-feel-frugal-this-holida
The top holiday spenders are expected to be New England households (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont), which expect to spend an average of $534. The lowest holiday spending is expected in the Mountain Region (Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming), where consumers intend to spend $332 on Christmas gifts.
Source:
http://www.marketingprofs.com/charts/2009/3205/consumers-feel-frugal-this-holida