Consumers Expected To Spend Big This Thanksgiving On Travel, Food, Shopping

While consumers partaking of the traditional Thanksgiving Day dinner will spend a little less for the average meal this year, they will reach deeper into their wallets for travel and shopping, according to recent surveys.

LendEDU reports the average American will spend $175.65 this Thanksgiving, up from $165.14 a year ago. When factoring in Black Friday shopping the total spend rises to $554, according to the International Council of Shopping Centers. The bulk of that shopping spend will be on gifts ($207.30).

One of the biggest non-shopping expenditures this year will be travel. AAA estimates 50.9 million Americans will journey at least 50 miles away from home, another 4 million will fly to the holiday destination and 1.5 million will travel by train. The LendEDU survey estimates the average American will spend $36.88 per person on holiday travel.     MORE

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