Americans spend nearly $100,000 in their lifetime in the name of holiday spirit, according to new research.A study examining the average spending of 2,000 Americans approaching the holidays found we’ll typically part with $1,556 in a single festive season preparing for the holidays and getting our homes in shape for the arrival of guests.
Over an average adult lifetime, that equates to an incredible $93,360 spent in the name of celebrating over the holidays.Broken down over a single festive season, the average American spends $235 on holiday home decor, $375 on holiday gifts, and $645 on other festive hosting essentials.
The study conducted by OnePoll in conjunction with Lowe’s examined the effort and money that goes into making your home holiday ready this season and found 69 percent end up spending more on their home than any other time of year.
Alongside our home spends, we’ll also spend a further $301 on food and drink during a single holiday season – with the average host estimating they entertain 10 people throughout the festive season.
And it’s a big job getting a home ready for the holidays with 62 percent of those surveyed saying there is always a lot of work for them to do around the house.More than 70 percent of those surveyed revealed that they feel a need to renovate their home prior to their guests’ arrival.