Americans Will Spend $1 Trillion on Christmas: A Black Friday Edition

Americans will spend over $1 Trillion on Christmas while many will accumulate over $1000 in debt. 

In today's Better Wealth Episode - BLACK FRIDAY EDITION, Mariah and I sit down to discuss some mind blowing stats about how much money will be spent at Christmas this year.  While two of the biggest days for consumerism are today, Black Friday, and Cyber Monday, Mariah and I wanted to discuss some of the studies on how much Americans will spend on Christmas and some of the other surprising facts around gift giving at Christmas. Listen as we discuss our own personal experiences with Christmas, budgeting, and giving. As we open our eyes up to financial efficiencies we challenge listeners to evaluate their purpose for giving, their financial situation and how they can make Christmas less of a financial burden to your family economy. Be sure to check out these studies and stats below. 

For more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.

Episode Links & Resources: 

• World Economic Forum: Christmas by the Numbers: 5 Facts About Holiday Spending
• The Ascent: Study: 2019 Christmas Spending Statistics
• Magnify Money: Americans Rack Up $1325 in Holiday Debt in 2019 And Most Won't Pay It Off In Time 
• Market Watch: Here’s How Long It Will Take Americans To Pay Off Their Christmas Debt

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