Whether you’ll be spending Easter with your family or hunting for eggs, this year’s holiday spending is expected to reach a new high.
According to a survey conducted by the consumers are projected to spend $24 billion, up from about $21 billion last year.
The presumed total also wipes out the previous record high of just under $22 billion spent in 2020.
On average, about 81% of people will spend somewhere around $200 during the Holy Week on candy, decorations, holiday outfits, food and gifts.
Some of the most popular activities this year include cooking a family meal, visiting family and friends, going to church services, as well as the traditional Easter egg hunts. About 63% of shoppers say tradition is their reason for spending more money, while another 31% are picking up Easter items from retailers because the holiday is a social activity with friends and family.
While most of the numbers are up, there are still some concerns. Inflation rates are expected to impact spending for some people.
According to , 44% of Americans don’t feel confident about their finances heading into spring, and another 28% plan to donate less to their church this year.
Another 39% are playing it smart by setting a spending budget that fits their bank account.
