Consumer Payment Card News

Chase Blueprint

Consumers planned on spending this holiday season- big time! Chase Blueprint asked an O, The Oprah Magazine reader panel how they will be spending this year, indicating a watchful eye on their holiday budgets. According to the survey, three in five (59 percent) respondents are planning to spend the same amount or more this holiday season than last year. On average, respondents plan to spend $594 on gifts this holiday season. Meanwhile, two-thirds of respondents (66 percent) “look forward” to shopping for gifts this holiday season. To save money this season, 59 percent plan to use coupons or look for last minute sales, while nearly a quarter (22 percent) bought most of their gifts during Black Friday or
Cyber Monday. Additionally, more than three in 10 respondents will create a holiday shopping budget (36 percent), spend less money per gift (35 percent) or buy gifts for fewer people (31 percent). When it comes to the tradition of holiday parties, nearly one-third (28 percent) of respondents will host a holiday or seasonal party this year. On average, these party hosts are setting their party budget at nearly $300, with more than two in five (44 percent) planning to spend $100 to $249 on the party and more than a quarter (26 percent) planning to spend $250 to $499. For those hosting a party, the average number of party invitees is 19 people with nearly a third (27 percent) planning to invite five to 10 people and 46 percent planning to invite 11 to 20.

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