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Spending on Holidays May be Higher for 21%: CardRatings Survey Results

16% have less money due to loss of income 15% say they plan to spend more on shipping presents because they are unable to travel to visit family and friends 21% report having more money to spend this holiday season 21% indicate they expect to spend more per person this year Nearly 1/3 of respondents say they will spend less per person this year The shoppers surveyed plan to spend an average of nearly $133 on gifts per person and an average overall spend of almost $710. This is generous, of course, comments Jennifer Doss, an editor for CardRatings, but it s still a lot less than consumer spending last year. In 2019, consumers spent an average of $1,214 on their credit cards during the 2019 holiday season.

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