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Older Americans Plan to Increase Spending This
Christmas
 Nov.
18, 2004 – Older Americans are planning to spend more money on gifts
this year than in recent years, according to a Gallup Survey. Those aged
65 and older now plan to spend an average of $726 on gifts, up
substantially from $544 last November. Spending plans among this age
group are nearly as high as they were in 1999, when they were at an
average of $736.
The results show a significant change in spending
plans among these older Americans (those aged 65 and older) and younger
Americans (those aged 18 to 29).
> The current results show a significant
decrease in the amount of money that 18- to 29-year-olds plan to spend
on Christmas gifts this year. On average, younger Americans plan to
spend $548 on gifts, down from $677 last November. This is the lowest
amount among younger adults that Gallup has recorded since 1999.
> Although Americans aged 30 to 49 plan to spend
more money on gifts than people in any other age group, the data show no
change in spending intentions for this age group this year.
> Spending plans among those aged 50 to 64 show
little change since last year, from an average of $775 last year to $743
in the latest survey.
|
Average Amount of Money Spent on
Christmas Presents by Age
(Based on mean value including none) |
|
|
|
|
|
|
|
Mid-November 2003 |
Mid-November 2004 |
Change
|
| 18- to
29-year-olds |
$677 |
$548 |
-$129 |
| 30- to
49-year-olds |
$817 |
$817 |
+/-0 |
| 50- to
64-year-olds |
$775 |
$743 |
-$32 |
| 65 years and
older |
$544 |
$726 |
+$182 |
For the complete Gallup Survey on Christmas
Shopping –
Click Here
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