How many days of your hard-earned income will you spend that could otherwise be used to pay off long-standing consumer debt or added to your emergency savings?
A great look at how much it costs our budget if we give too many gifts, without a budget. Let's take a critical look at our budget and see if there are ways to reduce our spending or at a minimum refocus towards "the least of these".
See the graph and how it is similar to the Consumer Debt Chart. I think consumer debt is a better indicator of inflation than any other indicator. As consumer debt goes up, it drives "inflated" demand which inflates prices.
It's worth noting that Americans who plan to spend less don't always do so. The survey found that of those who made a budget for last year's holiday gift buying, 44% spent more than they had intended
The poll also found that 6% of adults still carry holiday debt from last year, unchanged from last year.
Amazing that those who tell a pollster they will spend less, don't. Amazing that some people are still paying for last year's Christmas spending. When did celebrating Jesus' birth get so expensive?