Jess Jennings

Jess Jennings

Hi, I'm Jess! I'm a hot-mess momma who loves growing groceries... canning pickles, jams, and jellies... and playin' ALL the country favorites to get us through the workday!

 

We Plan To Buy More Gifts For Pets Than In-Laws

Thanks to inflation, 60% of Americans are cutting back on their holiday spending and shopping lists this year, new research shows. But that doesn’t mean they’ve lost the spirit of giving, especially for their pets.

A new survey of 2-thousand adults finds the average holiday shopping budget is down by around $200, or 23% from last year. And to afford their holiday spending, 47% of respondents say they’re cutting back on eating out and other non-essentials.

The poll also reveals:

  • When it comes to holiday budgets, just over a third (37%) of respondents say they’ll be spending $250 on gifts this year, while 16% say they’ll spend less than $100.
  • People really love their pets and 34% of surveyed will be buying a present for their dog, while 22% will be getting their cat a gift. But only 19% say they’re purchasing presents for their in-laws.
  • Younger generations are getting crafty, with 25% of Gen Zers and 23% of millennials saying they plan to make gifts this year - more than any other age group.
  • These generations are also the most likely to give home cooked or baked items as gifts. Overall, 45% of presents from respondents will be DIY or second-hand this year.
  • Top picks for presents include convenient gifts like gift cards (52%), cash (24%) and slippers or socks (24%).
  • Nearly three-quarters (73%) of respondents say they love finding the perfect gift for someone, while about a quarter (23%) say they end up shopping “mostly for myself.”

Will you be buying for your pets? Or in-laws?

Source: Personal Capital


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