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Holiday spending is expected to reach an average of $2,828.29 per household this season, according to Affinity Federal Credit Union’s second annual Holiday Spending Index. The figure marks a 2.9% year-over-year increase, mirroring the national inflation rate and reflecting ongoing financial pressures on American families.
The Index tracks costs between Thanksgiving and New Year’s, including hosting, travel, gifts, entertainment, and decorations. Hosting a meal for 12 now averages $362.80, up 5% from 2024, as beverage and ingredient prices continue to climb.
Travel remains a major expense, with AAA projecting nearly 120 million Americans will journey 50 miles or more during the holidays. Families traveling by train will spend an average of $1,056, while driving remains the most affordable option, with gas averaging $3.04 per gallon.
Gifting accounts for about 18% of total holiday spending, averaging $495.08 per family, driven by small price hikes in toys, apparel, and shipping. Spending on experiences like ice skating and light shows rose nearly 10% to $454.38.
“The holidays highlight both the joy of giving and the reality of higher costs,” said Grant Gallagher, Affinity’s director of financial wellbeing. “When families understand where their money goes, they’re better equipped to make decisions that support their wellbeing.”
Affinity CEO Kevin Brauer added, “Our focus is on supporting members’ financial wellbeing every day, so they can approach the holidays with confidence and peace of mind.”
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