Most Stayed Within Their Holiday Shopping Budgets
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iStock/Thinkstock(NEW YORK) — Most Americans stuck to their budgets last holiday season.
Bankrate.com interviewed 1,000 adults about their holiday shopping habits and only about 16.5 percent said they spent more than they initially intended. Meanwhile, a quarter of the respondents came in under their allotted budget for gift-giving.
Bankrate.com says those who spent more than expected were generally from higher-income households. Conversely, Americans who spent less were mainly in the low-income bracket.
Meanwhile, consumers aged 18-to-29, better known as millennials, were twice as likely to spend more than budgeted as opposed to 30-to-49-year-olds.
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