Americans are putting a price tag on the holiday spirit, a new Insurify survey of more than 1,000 consumers reveals. Despite economic worries, U.S. shoppers plan to spend an average of $528 on holiday presents. But nearly four out of 10 online shoppers have experienced package theft — meaning many of those gifts might not make it to their intended recipients.
Those losses will hit the 14% of shoppers who expect to overspend on gifts harder than others. Americans plan to rely heavily on credit cards and buy-now-pay-later (BNPL) services to pay for presents this year, which leaves low-income Americans vulnerable to financial overextension.
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