Texas Cities Face Holiday Budgets Ranging From $200 to $4,000+
The holiday season is here, but financial โstress looms largeโฃ for many Americans. โTheโ National Retail Federationโ anticipates holiday sales will rise 4.2% this yearโค – up โfrom 3.7% last year -โ exceedingโฃ $1 โขtrillion. Simultaneously, household credit card debt continues to climb, averagingโค $10,227 in the thirdโ quarter of 2024, a 2.3% increase from the previous year, according to WalletHub data.
To help consumers navigate these pressures, WalletHub โanalyzed over 550โข U.S. cities to determine reasonable holiday spending limits. the study consideredโค factors like income, age, and โsavings-to-expenses ratios.
“Depending on the city, an American’s holiday budget this yearโฃ can range anywhere from just over $200 to more than $4,000, taking into account residents’ income, their existing debt obligations and โtheโค cost ofโข living,” said wallethub analyst chip Lupo.”Irrespective of howโ well-off youโ are this season, it’s vital to stick to a budget that fits yourโค financial profile so youโฃ don’t rack up unsustainable debt and end up in a bad position after the holidays.โ There are โขplenty of ways to enjoy theโค holidays and show you care without spending much money, likeโข hosting potlucks or giving handmade gifts.”
Wondering what โขa realistic holiday budget looks like โin โฃyour Texas city?โข Find your location in the list below.
