The average household spent $1,206 on gifts for people in other households in 2018, according to the Bureau of Labor Statistics' Consumer Expenditure Survey. This is 14 percent less, after adjusting for inflation, than the average household spent on gifts in the midst of the Great Recession in 2008.
Spending on gifts for people in other households peaks in the 45-to-54 age group at $2,043. Householders aged 55 to 64 are the second biggest spenders, devoting $1,766 to gifts. These two age groups are the biggest spenders on gifts for people in other households because most have adult children (and grandchildren) living elsewhere, and many still have living parents. Among household types, married couples without children at home spend the most on gifts for people in other households. Most of these couples are empty nesters with adult children and grandchildren living elsewhere.
These are the householders who spend the most on gifts for people in other households...
Biggest spenders: Average household spending on gifts for people in other households, 2018
Biggest by age, householders aged 45 to 54: $2,043
Biggest by household type, married couples without children at home: $1,972
Biggest by education, householders with a graduate degree: $2,526
Biggest by income, households with incomes of $200,000-plus: $4,638
Biggest by generation, Boomers: $1,620
Source: Demo Memo analysis of the Bureau of Labor Statistics' Consumer Expenditure Survey
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