How Much Holiday-Season Spending Pressure Do You Feel?
Along with good cheer, mistletoe, caroling, parties, and the other joys of the holidays comes the pressure to overspend. More than half of Americans (56%) felt that during last year's holiday season, according to the SunTrust (NYSE: STI) 2019 nationwide holiday survey.
Among those respondents who said they felt driven to overspend, 66% pointed to gifts as a prime source of that pressure. The food and beverages category (29%) was next followed by travel (18%), new outfits for the season's obligatory social occasions (16%), and holiday home decorations (14%). Based on those numbers, some people clearly felt pushed to bust their budgets in more than one area.
Image source: SunTrust.
Source Fool.com
