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You know the feeling; you’re having a great day. Sun’s out. Bills are paid. You’re finally about to check out that new brunch spot you’ve heard so much about, and then the “Check Engine” light comes on.
For many Americans, the holidays are truly “the most wonderful time of the year.” But oftentimes, it’s also the most expensive and can lead to budgeting issues in the New Year.
On average, Americans spend roughly $1,000 celebrating the holidays. And this year, despite inflation – consumer spending is up. Most notably, spending is up 25% for those low-income earners – likely due to the fact that people spent less during the pandemic years.