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Ruh-Roh, Christmas!

American consumers plan on spending an average of $704 on holiday gifts this season – down from $770 a year ago (and down from $886 in 2008). Ah, the “New Normal.” You gotta love it … Only 26 percent of Americans say they will spend more than $1,000 on holiday…

American consumers plan on spending an average of $704 on holiday gifts this season – down from $770 a year ago (and down from $886 in 2008).

Ah, the “New Normal.” You gotta love it …

Only 26 percent of Americans say they will spend more than $1,000 on holiday shopping this year – down from 30 percent in 2012. Meanwhile 31 percent say they plan on spending less than $250 – up from 27 percent a year ago.

What do these new numbers mean for holiday shopping forecasts?

“In October, retailers tracked by Thomson Reuters reported 3.7 percent growth, on average, and U.S. chain store sales were up by 4.1 percent,” Gallup’s pollsters note. “However, according to Gallup modeling of the trends, consumers’ new scaled-back plans for 2013 suggest overall holiday spending — defined by the National Retail Federation as holiday shopping that occurs in November and December — now may be relatively anemic, increasing by only 1.7 percent to 2.4 percent over 2012.”

Translation?

“It seems the 99 percent are not cooperating with the 1 percent plan for economic recovery,” writes Jim Quinn at The Burning Platform.

Ruh-roh retailers! And ruh-roh “recovery!”

Anyway, here’s a look at the Gallup data …

gallup christmas shopping

What about you? What are your holiday spending plans? Vote in our poll and post your thoughts in our comments section below …

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8 comments

Same ol' Same ol' November 15, 2013 at 2:02 pm

Taxes and HSA are killing me.

Reply
Frank Pytel November 15, 2013 at 2:12 pm

No that’s the TSA job.

Reply
southmauldin November 15, 2013 at 5:16 pm

And this is bad news? I’m glad Americans aren’t pissing their money away on cheap imported shit for their spoiled kids. I used to get tired of driving through Heathwood and see mountains of garbage at the side of the driveways after Christmas.

Reply
Squishy123 November 15, 2013 at 6:36 pm

Fuck $704, I might spend that much if I’m buying something for myself.

Reply
9" November 16, 2013 at 4:45 pm

I’m going to the annual Sodomy on The Mount Church orgy.Everyone’s getting the usual ,and it don’t cost nothing but some thrusting.I just plan on,’spending’.

Reply
Slartibartfast November 17, 2013 at 10:34 pm

Somehow, it’s comforting to know that you’ll be spending your Xmas with Episcopalians. More “fitting.”

Reply
9" November 18, 2013 at 11:17 am

No.Lutherans.

Reply
Slartibartfast November 18, 2013 at 11:55 am

Isn’t that the punch line of a Jonathan Winters standup routine about a jail break?

Reply

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