Christmas tree in a home setting with presents. (Photo by: Ken Ross/VW Pics/Universal Images Group via Getty Images)
Christmas is fast approaching and parents across the country have been doubling down on the shopping.
Technology and e-commerce company Coupon Birds surveyed 2,500 parents about their Christmas gift budgets this year.
Here’s a look at the results:
How much to spend per child on Christmas gifts?
Parents expect to spend $461 per child, on average, this Christmas.
On the high end, 9% of parents said they will spend $1,000 or more per child. And on the low end, 4% said they’ll keep it under $100.
Nearly half, 49% of parents, said they expected to go into debt to pay for Christmas this year by way of credit cards of Buy Now, Pay Later services.
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Here is a look at how the planned spending varies by state:
Christmas gift spending per kid by state
Biggest spender states
The following states reported the highest plans for Christmas spending:
- New Jersey: $712
- Texas: $659
- Pennsylvania/Massachusetts: $648
Budgeted states
The following states reported the lowest plans for Christmas spending:
- South Dakota: $247
- West Virginia: $255
- Nebraska: $263
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The Source: Information in this article was taken from a survey conducted by Coupon Birds in November 2024 among 2,500 American parents (50 from each state). Coupon Birds is a technology and e-commerce company that collects and validates online coupons. This story was reported from Detroit.
