Who doesn’t love a party?
Holidays are a great excuse to gather family and friends for dinner and other celebrations. And with those gatherings come other expenses—new clothing, gifts, flowers, cards and other items.
All together, IBISWorld estimates that Americans spend $228.4 billion on holidays throughout the year.
Gifts are the most common purchase that consumers make during the major holidays, and account for 47.2 percent of total holiday sales. Food and drink make up the second largest category of holiday spending, accounting for 36.2 percent of purchases. The third largest category, with 5.8 percent of purchases, is decorations and costumes.
Click ahead to see how the holidays stack up.
By Christina Cheddar-Berk
Posted 31 Mar 2011