{"id":54649,"date":"2024-12-01T15:18:39","date_gmt":"2024-12-01T20:18:39","guid":{"rendered":"https:\/\/casino.betmgm.com\/en\/blog\/?post_type=article&#038;p=54649"},"modified":"2024-12-05T12:35:16","modified_gmt":"2024-12-05T17:35:16","slug":"christmas-gift-savings-by-state","status":"publish","type":"article","link":"https:\/\/casino.betmgm.com\/en\/blog\/reel-life\/christmas-gift-savings-by-state\/","title":{"rendered":"How Long Does It Take Americans To Save For Christmas Gifts?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">How long does it take to save for Christmas gifts? What percentage of your annual salary goes toward Christmas? Find out here!<\/span><\/p>\n<div id=\"betmg-1890823614\" class=\"after-article-adv-ad betmg-after-content betmg-entity-placement\"><a href=\"https:\/\/www.betmgm.com\/en\/myaccount\/promotions\/casino\/new-player-offer\" target=\"_blank\" aria-label=\"PS_MC_3864152_PS &#8211; Facebook &#8211; 1200&#215;628\"><img src=\"https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1.jpg?strip=all\" alt=\"\"  srcset=\"https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1.jpg?strip=all 1200w, https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1-300x157.jpg?strip=all 300w, https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1-1024x536.jpg?strip=all 1024w, https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1-768x402.jpg?strip=all 768w, https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1-50x26.jpg?strip=all 50w, https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1-640x335.jpg?strip=all 640w, https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1.jpg?strip=all&w=120 120w, https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1.jpg?strip=all&w=240 240w, https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1.jpg?strip=all&w=360 360w, https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1.jpg?strip=all&w=480 480w, https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1.jpg?strip=all&w=840 840w, https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1.jpg?strip=all&w=960 960w, https:\/\/eidk95seyu2.exactdn.com\/en\/blog\/wp-content\/uploads\/2022\/10\/PS_MC_3864152_PS-Facebook-1200x628-1.jpg?strip=all&w=1080 1080w\" sizes=\"(max-width: 639px) 98vw, (max-width: 1199px) 64vw, 770px\" width=\"1200\" height=\"628\"   \/><\/a><\/div>","protected":false},"author":4,"featured_media":54650,"comment_status":"closed","ping_status":"closed","template":"","categories":[420],"tags":[],"topic":[543],"class_list":["post-54649","article","type-article","status-publish","has-post-thumbnail","hentry","category-life","topic-reel-life"],"acf":{"article_highlights":null,"article_builder":[{"acf_fc_layout":"paragraph","title_only":true,"content":"<ul class=\"toc\">\r\n \t<li>Table of contents<\/li>\r\n \t<li><a href=\"#toc-01\">The State-by-State Timeline for Saving Up for Christmas Gifts<\/a><\/li>\r\n \t<li><a href=\"#toc-02\">What Percentage of Each State's Annual Salary Goes Toward Christmas Gift Spending?<\/a><\/li>\r\n \t<li><a href=\"#toc-03\">Closing Thoughts<\/a><\/li>\r\n \t<li><a href=\"#toc-04\">Methodology<\/a><\/li>\r\n<\/ul>"},{"acf_fc_layout":"paragraph","title_only":true,"content":"<span style=\"font-weight: 400;\">Holiday shopping can sneak up on us, turning a season of joy into one of unexpected expenses. But just how much of your paycheck is really going to cover Christmas gifts? And how long does it take the typical American to save up for gifts?<\/span>\r\n\r\n<span style=\"font-weight: 400;\">To get a clearer picture, we surveyed over 2,300 Christmas shoppers from around the country to find out how much they\u2019re shelling out on gifts, how long it takes them to save up, and how that all stacks up against their income. From the states where folks splurge the most to the real financial stress of holiday spending, consider this your go-to guide on the true cost of Christmas gifts in America.<\/span>"},{"acf_fc_layout":"paragraph","title_only":true,"content":"<h2 id=\"toc-01\">The State-by-State Timeline for Saving Up for Christmas Gifts<\/h2>\r\n<div class=\"infogram-embed\" data-id=\"fac30e29-4afd-4976-bfcf-93b288d7da1c\" data-type=\"interactive\" data-title=\"BetMGM_ChristmasSpending_Map1\"><\/div>\r\n<script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script>"},{"acf_fc_layout":"paragraph","title_only":true,"content":"<span style=\"font-weight: 400;\">To understand how much of an impact Christmas gift shopping has on residents\u2019 wallets across the U.S., we asked respondents about their annual income and estimated total holiday gift spending each year. Using these figures, we calculated each participant's daily income and identified how many days\u2019 earnings it would take to cover their Christmas gift expenses.\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">On average, <\/span><b>Americans drop about 7.8 days' worth of their income on holiday gifts <\/b><span style=\"font-weight: 400;\">each year,<\/span> <span style=\"font-weight: 400;\">making a real dent in personal budgets. However, there\u2019s considerable variation across states.\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">For example, <\/span><b>Georgia tops the list<\/b><span style=\"font-weight: 400;\">, with residents needing nearly 15 days\u2019 income to cover their Christmas gift budget. That\u2019s more than <\/span><b>two weeks of pay<\/b><span style=\"font-weight: 400;\">\u2014or about a whole paycheck\u2014<\/span><b>going solely toward gift-giving<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">Other states also show a significant holiday financial strain. In <\/span><b>Missouri<\/b><span style=\"font-weight: 400;\"> and <\/span><b>Alabama<\/b><span style=\"font-weight: 400;\">, residents spend about <\/span><b>13.6<\/b><span style=\"font-weight: 400;\"> and <\/span><b>12.1 days\u2019 worth of income respectively on holiday gifts<\/b><span style=\"font-weight: 400;\">,\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">which is close to half a month\u2019s earnings for many.\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">At the other end of the spectrum, states like <\/span><b>Arizona, South Dakota, and Minnesota<\/b><span style=\"font-weight: 400;\"> require the least amount of time to save up (<\/span><b>around 4-5 days of income<\/b><span style=\"font-weight: 400;\">), making holiday shopping a bit less of a financial hurdle in these areas.<\/span>"},{"acf_fc_layout":"paragraph","title_only":true,"content":"<h2 id=\"toc-02\">What Percentage of Each State's Annual Salary Goes Toward Christmas Gift Spending?<\/h2>\r\n<div class=\"infogram-embed\" data-id=\"f02edc8b-82a9-47f0-a986-890a439e8b71\" data-type=\"interactive\" data-title=\"BetMGM_ChristmasSpending_Map2\"><\/div><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script>"},{"acf_fc_layout":"paragraph","title_only":true,"content":"<span style=\"font-weight: 400;\">Across the U.S., Christmas spending isn\u2019t just a line item on a budget\u2014it\u2019s a significant financial commitment. On average, <\/span><b>Americans allocate over $1,000 each year to holiday gifts<\/b><span style=\"font-weight: 400;\">, which accounts for <\/span><b>2.14% of their annual income<\/b><span style=\"font-weight: 400;\">. However, that percentage varies big time depending on your state.\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">Georgia shoppers go all out on Christmas gifts, spending more than any other state. Not only does it take them the longest to save up, but they\u2019re also setting aside the biggest chunk of their annual income just for holiday presents. On average, <\/span><b>Georgia residents shell out $1,711 on Christmas gifts each year<\/b><span style=\"font-weight: 400;\">\u2014that\u2019s a hefty <\/span><b>4.1% of their annual income<\/b><span style=\"font-weight: 400;\"> just for holiday cheer.<\/span>\r\n\r\n<span style=\"font-weight: 400;\">Other Southern states, such as Missouri and Alabama, follow closely. In <\/span><b>Missouri<\/b><span style=\"font-weight: 400;\">, residents spend roughly<\/span><b> 3.7% of their annual income<\/b><span style=\"font-weight: 400;\"> (about $1,515) on Christmas gifts, while <\/span><b>Alabamans<\/b><span style=\"font-weight: 400;\"> dedicate <\/span><b>3.3% of their income<\/b><span style=\"font-weight: 400;\">, averaging $1,346 in holiday gift spending.\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">Turns out, Southerners are seriously committed to holiday gifting\u2014<\/span><b>four of the top five states putting the largest slice of their income toward Christmas presents are in the South.<\/b><span style=\"font-weight: 400;\"> Maybe it\u2019s a mix of tradition, close-knit communities, and a culture that values generosity, but whatever the reason, the South goes all in when it comes to making the holidays special.<\/span>"},{"acf_fc_layout":"paragraph","title_only":true,"content":"<h2 id=\"toc-03\">Closing Thoughts<\/h2>\r\n<span style=\"font-weight: 400;\">This study dives into just how much Americans are willing to spend to make the holidays unforgettable, offering a state-by-state look at everything from the days it takes to save up for gifts to the percentage of income going straight into holiday cheer.\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">As you get ready for the festivities, remember to celebrate and spend responsibly. And if you\u2019re craving a little extra excitement and thrill on your holiday downtime, check out the legal <\/span><a href=\"https:\/\/www.betmgm.com\/en\/casino\"><span style=\"font-weight: 400;\">online casino games<\/span><\/a><span style=\"font-weight: 400;\"> at <\/span><a href=\"https:\/\/casino.betmgm.com\/en\/blog\/\"><span style=\"font-weight: 400;\">BetMGM<\/span><\/a><span style=\"font-weight: 400;\">. Its <\/span><a href=\"https:\/\/casino.betmgm.com\/en\/blog\/money-slots\/\"><span style=\"font-weight: 400;\">online slots<\/span><\/a><span style=\"font-weight: 400;\"> collection and new player <\/span><a href=\"https:\/\/casino.betmgm.com\/en\/blog\/best-welcome-casino-bonus\/\"><span style=\"font-weight: 400;\">casino welcome bonus<\/span><\/a><span style=\"font-weight: 400;\"> could add some festive, entertaining sparkle to your season!<\/span>"},{"acf_fc_layout":"paragraph","title_only":true,"content":"<h2 id=\"toc-04\">Methodology<\/h2>\r\n<span style=\"font-weight: 400;\">To collect these survey insights, we surveyed 2,343 Americans across 46 states from October 21 to 25, 2024. Alaska, North Dakota, Vermont, and Wyoming were excluded due to a low pool of survey respondents.\u00a0<\/span>\r\n\r\n<span style=\"font-weight: 400;\">We asked each respondent about their annual individual income and their estimated spending on Christmas gifts each season. Then, we calculated the percentage of annual income spent on gifts in each state by dividing the average spending by the average income. Finally, we calculated respondents' daily income from their annual income and determined the number of days needed to save for Christmas gifts in each state, based on their total Christmas gift spending.<\/span>"}],"display_as_video":false,"video_duration":"","video_embed":null,"promote_to_homepage":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.4 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Long Does It Take Americans To Save For Christmas Gifts? | BetMGM<\/title>\n<meta name=\"description\" content=\"How long does it take to save for Christmas gifts? What percentage of your annual salary goes toward Christmas? 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