Holiday gift budgets keep growing


People have already started shopping for the holidays and are spending even more than last year, according to a new survey.

Next month will be when most people shop, especially the day after Thanksgiving. BlackFriday.com shopping expert Carson Yarbrough says we're spending more this year.

“Thirty percent of Texans will spend over $800 on holiday gifts and 30 percent will also spend over $1,000,” said Yarbrough.

She said more Texans plan to shop on Black Friday this year than Cyber Monday.

Yarbrough said the average Texas shopper will spend more than $700 on holiday gifts this year.

“Most Texans are actually going to shopping for tech gifts this year. After that, Texans are looking for toys and housewares for their top holiday gifts,” said Yarborough.

When it comes to Texans' holiday shopping trends:

  • 27 percent of Texas shoppers plan to spend up to $400
  • 28 percent will go up to $800
  • 29 percent will surpass even that
  • 16 percent don’t plan to spend money on gifts at all

For Black Friday, 44 percent said they won't spend any money while 32 percent are planning to spend up to $400.

On Cyber Monday, 42 percent said they won't spend any money while 37 percent are planning to spend up to $400.


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