Holiday Gift Giving Survey
In a recent NFEC survey, when asked, “What gift would you most like to receive this holiday season?” about 27% of respondents stated a preference to receive money for savings, paying down debt, or need-based purchases. Survey results indicated that a total of 50.1% of respondents would prefer no gifts.
On average, people tend to overspend during the holiday season: a Coinstar survey found that 77% of those surveyed expected to exceed their holiday spending budgets, and only 37% had a plan to implement a post-holiday budget to recover from overspending. As a Consumer Affairs survey states, “Many households are adding to existing high-interest credit card debt, with around 57 percent of respondents saying they expected to go into holiday debt”.
Learn about the Give Savings Campaign and download free participation guides for adults and kids. https://www.financialeducatorscouncil.org/give-savings
Survey Results: What gift would you most like to receive this holiday season?
1,101 Respondents from November 7th to 16th, 2021
No Gifts
Money for Needs (Ex – Groceries, Retirement, Pay Down Debt)
Traditional Gifts or Money for Wants (Ex – Massage)
Past Results (2020): What gift would you most like to receive this holiday season?
1,100 Respondents in December, 2020
No Gifts
Money for Needs (Ex – Groceries, Retirement, Pay Down Debt)
Traditional Gifts or Money for Wants (Ex – Massage)
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