Christmas Consumption

By Econ70 | 12/26/2013

Average US Christmas spending in 2013 is expected to be $704 per person 18 years and older. More interesting is the wild variation in this number from year to year. After rising from a trough of $690 in 2003, spending hit a peak of $866 in 2008, but fell sharply to $616 in 2009. This…

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