LOUISVILLE, Ky. (WHAS11) – American consumers will be cautious about how much money they shell out to celebrate Easter this year.
Keeping budgets tight as they eye other economic concerns spending is expected to be flat compared to last year with American households spending an average of slightly more than $145 on the holiday. That’s a total of about $17.2 billion.
Most of the cash will be spent towards a family meal. An Easter brunch of dinner for American families will total $5.4 billion.
With spring weather starting to bloom, Americans are expected to spend just over $3 billion on Easter finery and other clothes for warmer weather.
Another $2.5 billion will be spent on candy, gifts, flowers, décor and greeting cards which will round out the rest of the holiday spending.
So far this year retail sales have been up, but largely due to higher gas prices which factor into that retail statistic.
While paying more money to fill up the tank, consumers have been less willing to dine out or hit the malls.
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