Monday, November 25, 2013

Holiday Expenditure

According to Americans’ holiday spending, it is obvious that people spend a very large amount of money concerning gifts and other items. Because Americans have so much holiday spirit, the total holiday expenditure is expected to be about $228.4 this year. It is said to be that the most money is spent around Christmas and Thanksgiving. I think that the amount of money spent on holidays is rather high but I think it is reasonable. I don’t think the amount of money that people spent should be limited, I don’t think it is appropriate to say whether people spend “too much” or “too little” on holidays. It is your decision and your money and it is all up to you how much you want to spend. On Christmas in 2010 the amount spent was the highest with $135.16. Some people may consider this very high but some people who have a lot of money may spend over $1,000 on gifts while some families who may not have a lot of money will only spend about $50 or so. Since 2008, the amount of spending’s on Christmas has increased. I do not think this is a negative thing because if you like to spend money then it is your decision because you are probably more likely to afford it. If you cannot, then you shouldn’t consider it a negative thing. The money spent for Thanksgiving has also increased since 2008 by not too much but enough to make a difference. For instance, in 2008 it was around $29 billion dollars and rose to about $29.88 billion. By 2010, the amount that Americans spend on Thanksgiving is $30.50 billion. I think that this seems necessary because the food needed for this holiday tends to be very expensive. Some people may eat a lot more causing them to spend more money while other families might not eat as much. Also, not everyone on Thanksgiving eats the traditional Thanksgiving meal consisting of Turkey, Mashed potatoes, stuffing, cranberry sauce and all the desserts. Some people may eat take out or make something completely different that doesn’t cost a lot of money. I think that the holiday expenditure for America appears to be very high but I don’t think that there should be a limit because some people may spend a lot where as some may not spend any.

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