Survey Says Shoppers Will Spend More This Holiday Season
October 23, 2023 9:08PM EDT
Online holiday shopping concept. Woman using laptop and credit card, making online purchases.
If this latest survey holds, many of you plan on emptying your bank accounts this holiday season.
A survey done by ESW, a direct-to-consumer e-commerce company, has found that 52% of shoppers expect to spend more this holiday season than last year.
The survey also found that 42% of shoppers plan to do their holiday shopping online. Another surprising result found that shoppers ages 40-60 will do the bulk of their holiday shopping by ordering gifts on TikTok Shop.
On average, according to the study, you’ll spend $827 this year on holiday gifts, with most beginning their holiday shopping on October 22.
What are your plans for holiday spending this year?
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