Hope you’re saving money, because Christmas is going to do its best to bankrupt you this year.
A new study by the consulting company Deloitte found the average person will spend almost $1,500 on the holidays this year. Here’s how that breaks down . . .
$487 on gifts.
$348 going to holiday parties.
$212 hosting holiday parties.
$182 on clothing for yourself or your family that ISN’T a gift.
$124 on decorations.
And $110 on random other expenses.
That’s a total of $1,463 . . . so only one-third is going toward gifts.
And that total doesn’t include things you buy for YOURSELF. Half of people say they plan on getting themselves a gift or two while they’re shopping.