The world is widely aware of the significance a Christmas day tends to bring every year. Unfortunately, this year, the statistics show a new picture as the numbers have taken a dramatic drop in the average expenditure rounded up by various data centers. The report says that this year is experiencing a whopping decrease of 15% in the expenditure of Christmas gifts, which ultimately leads to a major loss in the expenditure of gift cards, candies, toys, lip balm, and toothbrushes by most people.
There are a hundred different reasons as to why popular stores like Amazon, Walmart, Target, and Khol’s are taking extreme precautions against COVID-19. The widespread virus is not stopping, and people are not either. The world has completely changed its way after the virus managed to destroy every good thing that ever took place. Most countries are still struggling to find their way amidst this crisis, which is why America has promised to keep citizens safe no matter the consequences. Last year, Americans spent an average of $942 to get their hands on the finest Christmas décor, but this year, the average has dropped to $805, which is far less.
As mentioned in the infographic below, this year has brought a great loss to the market. Very few people have safely found their way to the markets for the celebration of Christmas day, which is why the results have gone completely downhill this year. Similarly, money that used to be spent for outdoor décor or gifting purposes in previous years is now just resting in the accounts of people as they sit at their homes switching from one channel to another. The family celebration seems like a far-fetched idea, especially in a time when standing in close vicinity is considered to be a major offense.
Infographic by: Couponlawn.com