How much are you going to spend (already have?) on Christmas? Last year, Americans spent a whopping $474 billion dollars during the holiday season. I have included this interesting little piece of statistics for all those interested. My favorite part is the section about "holiday debt" that states that "16.8%" of total American credit card debt for 2007 was tallied during the months of November and December. Oh yea, and "1/3 of the consumers were still paying off debt from teh 2006 holday season".Remember to make wise purchasing decisions or... "conspire".
1 comments:
I hate to be an ass... Except when it comes to math. Regarding the "'16.8%' of total American credit card debt for 2007 [...] in November and December": that doesn't seem like very drastic. If I did my math right, the average per-month spending ought to be approximately 8.33%, which, for two months would be 16.67%. And actually, since the sum of days in November and December is slightly above average, it's 16.71%. So 16.8% is not much higher, though it is a definite increase.
I must say I do agree with the idea of less spending for Christmas, and in general for that matter, and more giving.
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