We’ve been reading about it in the news from a while: Get ready for $4 per gallon of gas, Grocery costs through the roof, Real Estate Market is Tanking, The Value of the Dollar is Falling. Yet, the average holiday shopper will spend more than $900 on gifts this season. The proportion of people saying they will spend more this year is lower, but so is the one saying they will spend less!
Has the current economic outlook changed how you are spending your money this holiday season?
In our case, this year we have decided to make a contribution to our nephews’ and niece’s college fund. We do not know if they have any set up but if not maybe this will get them started. I know giving money is not as “romantic” as giving a gift, but I’d much rather contribute to someone’s future than room clutter.