In November 2023, Global X research surveyed 1,091 individuals in the United States regarding consumer spending habits in anticipation of the upcoming holiday shopping season.
Key Takeaways
- 38% of respondents anticipate spending $101-$500 on gifts for others, while 60% anticipate spending less than $100 on themselves.
- More than half (57%) of respondents anticipate doing up to 50% of their holiday shopping on Black Friday/ Cyber Monday.
- More than half (53%) of respondents anticipate spending $100 or less on holiday gifts this holiday season, and the majority are looking to save 31% or more on sales.
- Only 15% of respondents anticipate spending more on holiday gifting this year.
- Almost half (41%) of respondents indicated the potential to use credit card debt to purchase holiday gifts this year.
Click here to download the Global X ETFs November 2023 Consumer Pulse Survey: Holiday Spending
Originally Posted November 22nd 2023, GlobalX
PHOTO CREDIT:https://www.shutterstock.com/g/mnemosyne
Via SHUTTERSTOCK
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This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information is not intended to be individual or personalized investment or tax advice and should not be used for trading purposes. Please consult a financial advisor or tax professional for more information regarding your investment and/or tax situation.
