Americans plan to spend an average of $1,430 on gifts, travel and entertainment this year. But how much of that goes to the grandkids?
As many families tighten their budgets this year due to inflation, there seems to be one area of spending that’s seemingly resistant to the cutbacks—holiday gifting.of 4,000 Americans reports that 74 percent of adults plan to spend the same or more this holiday season as they did last year. On average, shoppers will drop $1,430 during the holidays, with around $754 going to gifts, $452 to travel and $224 to entertainment.
If you dive in deeper to see how this spending shakes out, you’ll see that the average amount per grandchild comes to around $218.of 1,700 grandparents also shows that spending isn’t equal across the sexes. Grandfathers seemingly spend a little more on holiday gifts than grandmothers , with parents in Oklahoma , Connecticut and Washington, D.C. spending the most.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
48 Gifts for Grandparents Who Love to Cook and EatUpgraded coffee gear. Lightweight pots and pans. And some new cookbooks for entertaining inspiration.
Read more »
Overdose crisis causes dire need among Pa. grandparents as they care for more and more childrenUpwards of 90,000 Pennsylvania grandparents are caring for children because of parents who can't because of addiction or fatal overdose.
Read more »
SCOTUS to decide on monumental case that could impact millions of AmericansAfter years of legal battles, Health and Hospital Corporation of Marion County went before the Supreme Court of the United States on Tuesday, November 8, asking SCOTUS to decide if people can file...
Read more »
Opinion | Midterm Elections Proved Americans Overwhelmingly Support Public Education'Where voters had the opportunity to vote directly on education issues, they were unanimous in their support for public schools.'
Read more »
Trans Americans Face ‘Epidemic of Violence,’ Human Rights Campaign SaysThe HRC says that the FBI has only registered 11 anti-transgender murders or negligent homicides, showing how a lack of data at the federal levels has led to severe undercounts of deadly violence against the transgender community.
Read more »
More Americans Tap Home Equity for Financial Safety NetHELOCs were up 40% in the second quarter from a year earlier. Here’s what homeowners should know before taking out home equity.
Read more »