Credit Card News

Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Other » Holiday Shopping Continues Even After Christmas

Holiday Shopping Continues Even After Christmas

Add to Favorites:
Holiday Shopping Continues Even After Christmas

The holiday shopping season doesn’t end once Christmas is over, according to the latest American Express Spending & Saving Tracker. In fact, the day after Christmas is creeping up on Black Friday as one of the biggest shopping days of the year.

Sixty-four percent of people surveyed by American Express plan to hit up the stores on December 26; about the same percentage as last year. Shoppers expect to spend a little more this year, though: an average of $192 compared with last year’s predicted average of $188 on that day. The biggest spenders will be men. They predicted spending an average of $245, while women guessed they’d spend an average of $151.

When asked why they were planning to shop after Christmas, 34% of respondents replied that they would be taking advantage of post-holiday sales to buy things for themselves. Another 26% said they’d be spending the gift cards they received for Christmas. Twenty-one percent of respondents are planning ahead – way ahead – and shopping for next year now, when they get the benefit of post-holiday discounts. Fourteen percent said that shopping on the day after Christmas was part of their family tradition.

Last minute shopping frenzy

And what about the present? Many people haven’t completed their holiday shopping yet and are waiting until the last minute. Seventy-nine percent of survey respondents said they’d be shopping right up until Christmas Eve. Last year, slightly fewer folks (75%) put off shopping until the last possible moment.

People aren’t just checking friends’ and family’s names off their shopping lists, either. Seventy-four percent of people said they’ve bought something for their own stocking this year—though they didn’t necessarily set out to do so. Fifty-three percent of them confessed that the purchase wasn’t planned.

Looking sharp for the holidays

Besides buying themselves gifts, people are spending money this season on some other types of self-indulgence. Since last year, there’s been a surge in spending on hair styling, clothes, shoes, manicures, pedicures, and other spa treatments.

Perhaps wanting to look their best at holiday parties, nearly two-thirds (66%) of folks will have their hair cut or styled, a 78% increase over last year. Sixty-five percent will buy a new outfit, a 117% spike since 2013. Fifty-three percent will buy new shoes or accessories, 34% will get manicures and/or pedicures, 23% will undergo waxing, and 20% will have some other body/facial spa treatment.

The American Express Spending & Saving Tracker asked a random sample of 1,507 for their opinions via an online survey between November 20 and 22, 2014.

Add to Favorites:

Related News:

Americans Digging Deep For Love

By Dar Dowling, Posted: February 13, 2015

Chocolate prices may be going up for Valentine’s Day, but according to a new study it's not getting in the way of love. Sweethearts are spending more this year on everything from chocolate and flowers to engagement rings. Continue reading
Selfie Spends Are Back In Style

By Dar Dowling, Posted: September 30, 2014

Americans are feeling more secure at work and spending on fun is up, according to the new American Express Spending & Saving Tracker. But when it comes to saving, people are not expecting to see any changes in their bank accounts any time ... Continue reading
Holiday Budgets Down for Upcoming Holiday Season

By Dar Dowling, Posted: October 23, 2014

Shopping lists may be a little shorter this coming holiday season due to tighter budgets, according to the new American Express Spending & Saving Tracker. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Unlimited 1.5x rewards on every purchase, every day. For every $1 you spend, you earn 1.5x Miles.
For Excellent, Good Credit
Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
For Excellent, Good Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit