Before I tell you what the average gift budget is for this holiday season, I have to tell you the first word that popped into my head... "HA!"
According to a report by Wallethub, the average holiday spending budget in Seattle is $1,334.
Wallethub used metrics such as income, age and saving-to-monthly expenses ratios, to estimate the maximum spending amounts for consumers.
Here are the numbers for the average consumer in Seattle:
- Monthly Income: $7,235
- Monthly Expenses: $5,397
- Savings: $6,674
- Age: 35.6
- Debt-to-Income: 34%
- Monthly Income-to-Monthly Expenses Ratio: 1.34
- Savings-to-Monthly Expenses Ratio: 1.24
Safe to say my family will be getting lumps of coal this year. Just kidding - kind of. For the full report visit Wallethub's website online.