Posted on 11/16/2021 9:31:21 AM PST by SaxxonWoods
People expect to spend more on holiday travel, celebrations and 'big ticket experiences,' such as concerts or sporting events, a MassMutual survey found.
It's the most wonderfully expensive time of the year, and people are expecting to spend big.
A new survey from MassMutual shows that consumers are feeling optimistic about their finances -- and are planning to spend $1,243 on average on holiday-related purchases this season. For comparison, the national median rent was $1,312 in October, according to a report from Apartment List.
The MassMutual Consumer Spending & Saving Index surveyed 1,000 U.S. adults online between Oct. 18 and Oct. 22, 2021.
The survey found that despite record-high inflation, 73% of Americans said they're feeling optimistic about their finances. Thirty-five percent said they're feeling "very optimistic" about their finances, up from 27% in July and 21% in February.
(Excerpt) Read more at morningstar.com ...
“Largely because of cautious budgeting and careful spending this household has more “disposable income” than ever, and yet remain seriously concerned about resources at hand and those under the fist of the liars and morons in Washington.”
Good for you! Proper spending habits are one of the legs on the stool of success. Don’t fear the liars and morons in Washington, they’ve always been there and always will be there and yet, they don’t decide who thrives and who doesn’t, WE decide that by our own actions.
That is all true. That is true everywhere, the squeaky wheel...
“That is all true. That is true everywhere, the squeaky wheel...”
Yes, and people who are afraid to try to succeed don’t want anyone else to succeed and make them look bad. So they spend a lot of time telling boogie-man stories about why success is impossible.
Suuuuure
I so certain my money will be toilet paper next year, I stocking up on LTS chow and hardware need3ed to keep das houze up and running.
I will say, there is a perverse thing I see around here where some people appear to want some bad things to happen, almost as if they are just itching to say “I told you so”.
I know it isn’t confined to here or us, but it is disconcerting nonetheless.
That’s why Thanksgiving is my favorite holiday - no presents to deal with.
We’ve agreed in general that the only ones getting presents are the little kids who are 3, 5 & 7 mos.
I advise anyone who is interested to buy in advance as far as possible. Prices are likely to go one way only and that is up. The downside is that such action will to some extent tend to push prices even higher but I prefer it to waiting and hoping to be able to buy later when supplies may be gone.
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