A Different Kind of Holiday Hangover — Financial

The final tallies haven’t been done yet but KPMG says consumers likely spent something like $948 million this year on holiday shopping. KPMG spokesman, Duleep Rodrigo notes that 49% of consumers said they were going to increase holiday spending with households with incomes of $50,000 to $99,000 a year saying they’d likely spend 10% more than they did in 2023.

This year when it came to shopping, 71% of consumers headed for mass-market retailers as they usually do. But 19% left their favorite luxury stores off of the shopping and 31% bagged going to dollar stores.

A study done by Fred Harrington, CEO of Coupon Mister, took a look at Christmas season spending and the states where people seem the most concerned about what they spent. Two of the top-10 most concerned states are the PIA Western Alliance states of Montana (7) and Alaska (8).

1. North Dakota

After Christmas searches per 10,000 people looking for information on holiday debt and budget-related terms: 169.5 searches per 10,000

2. Vermont

3. South Dakota

4. Delaware

5. Wyoming

6. Rhode Island

7. Montana

After Christmas searches per 10,000 people looking for information on holiday debt and budget-related terms: 135.86 searches per 10,000

8. Alaska

After Christmas searches per 10,000 people looking for information on holiday debt and budget-related terms: 134.71 teachers per 10,000

9. Maine

10. New Hampshire

Source link: PropertyCasualty360.com — https://bit.ly/4gHKe8g