That’s what the residents of Palo Alto, CA are spending this year.
Dang. That seems a bit excessive.
Even without a pandemic.
According to this study by WalletHub, they looked at five characteristics of 570 cities in the US, including average income, age and savings-to-monthly expenses ratio to determine what people are going to be spending on the holidays this year.
Minnesota has a couple of cities in the top 30 with Mankato & Plymouth, and Wisconsin finally shows up at 105 with Waukesha spending $1,246 on the holidays.
I’m thinking somewhere closer to $200 for me. Money is tight this year!
One thing I do know is that I’ll be spending the majority of my money locally & I urge you to do so as well!