{"id":257988,"date":"2025-01-24T11:19:33","date_gmt":"2025-01-24T11:19:33","guid":{"rendered":"https:\/\/trybeem.com\/blog\/?p=257988"},"modified":"2025-01-28T09:05:37","modified_gmt":"2025-01-28T09:05:37","slug":"2024-holiday-spending-report-test","status":"publish","type":"post","link":"https:\/\/trybeem.com\/blog\/2024-holiday-spending-report-test\/","title":{"rendered":"2024 Holiday Spending Report test"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"257988\" class=\"elementor elementor-257988\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3d5fb0a e-grid e-con-boxed e-con e-parent\" data-id=\"3d5fb0a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-4ec3fb4 e-con-full e-flex e-con e-child\" data-id=\"4ec3fb4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1f5fd49 elementor-widget elementor-widget-post-info\" data-id=\"1f5fd49\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-a7438ec elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>January 24, 2025<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-f805451 elementor-inline-item\" itemprop=\"author\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-author\">\n\t\t\t\t\t\t\t\t\t\tNestin\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-f6ce930 elementor-inline-item\" itemprop=\"about\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-terms\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-post-info__terms-list\">\n\t\t\t\t<span class=\"elementor-post-info__terms-list-item\">Car Insurance<\/span>\t\t\t\t<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f5342f elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"1f5342f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">2024 Holiday Spending Report test<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b171b61 elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"b171b61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"413\" src=\"https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2024\/01\/Does-Tesla-Insurance-Cover-Rental-Car-1024x529.jpg\" class=\"attachment-large size-large wp-image-257913\" alt=\"Does Tesla Insurance Cover Rental Car\" srcset=\"https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2024\/01\/Does-Tesla-Insurance-Cover-Rental-Car-1024x529.jpg 1024w, https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2024\/01\/Does-Tesla-Insurance-Cover-Rental-Car-300x155.jpg 300w, https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2024\/01\/Does-Tesla-Insurance-Cover-Rental-Car-768x397.jpg 768w, https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2024\/01\/Does-Tesla-Insurance-Cover-Rental-Car-150x78.jpg 150w, https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2024\/01\/Does-Tesla-Insurance-Cover-Rental-Car.jpg 1200w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b6db9a elementor-widget__width-initial elementor-widget-tablet__width-inherit elementor-widget-mobile__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"0b6db9a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>After looking into\u00a0<a href=\"https:\/\/web.meetcleo.com\/blog\/cleo-2023-holiday-spending-report\" target=\"_blank\" rel=\"noopener\">Gen Z holiday spending trends<\/a>\u00a0in 2023, we decided to zoom out this year and bring millennials into the mix \u2014 surveying 700 young Americans aged 17-43 on their holiday spending, budgeting, and gift giving.\u00a0<\/p><p>Is Buy Now, Pay Later (BNPL) becoming a preferred form of payment to afford holiday gifts? Are holiday PR unboxings and influencer hauls\u00a0<em>actually<\/em>\u00a0helping people get gift ideas? Would young Americans consider foregoing their Netflix subscription to avoid holiday debt? Read on to find out.\u00a0<\/p><h2>\u200d<strong>SEASONS GREETINGS\u2014FROM AMAZON PRIME DAY\u2026<\/strong><\/h2><ul role=\"list\"><li>Just over half (51%) of young Americans are spending a quarter or less of their monthly income on holiday gifts and experiences, with 24% spending up to half. That said, two thirds have noticed smaller spending limits for gifts amongst friends, family and holiday games like White Elephant and Secret Santa (comparing 2020\u2014now).\u00a0<\/li><li>79% are now thinking about gifts earlier in the year in order to shop better sales and save more money. Of the 63% who said they have already utilized major retailer events to buy holiday gifts this year \u2014 Amazon Prime was the most shopped sale, followed by 41% already starting to utilize Black Friday deals.\u00a0<\/li><li>Given the rising cost of living, 48% feel they may rely more on Buy-Now-Pay-Later (BNPL) options to purchase holiday gifts this year.\u00a0<\/li><\/ul><h2><strong>THERE\u2019S NO PLACE LIKE HOME FOR THE HOLIDAYS (LITERALLY)\u00a0<\/strong><\/h2><ul role=\"list\"><li>When it comes to holiday travel and events, over half (56%) are planning to cut back on dining out or holiday parties to stay within budget, with 64% likely to downsize their travel plans due to rising airfare and accommodation costs.\u00a0<\/li><li>Half of young Americans would consider picking up a side hustle to cover holiday expenses, with almost a quarter (16%) having already picked up a secondary source of income for this reason. When asked what this side hustle is\/would be \u2014 DoorDash took the cake (22%), followed by Uber Eats (21%).\u00a0\u00a0<\/li><li>64% are considering giving up streaming services (like Netflix, Hulu, Spotify) to avoid post-holiday debt, with 72% considering the \u2018Buy Nothing\u2019 challenge as a way to cut back on unnecessary spending this season.\u00a0<\/li><\/ul><h4><strong>\u2018TIS THE SEASON TO SHOP SMALL\u00a0<\/strong><\/h4><ul role=\"list\"><li>Almost half of young Americans (48%) feel like they\u2019re more likely to consider second-hand gifts or budget-friendly alternatives this year due to rising costs.\u00a0<\/li><li>53% are also likely to prioritize sustainable and locally-made gifts, even if that means they cost more than other traditional options. To no surprise, Gen Z are more likely to go this eco-friendly and small business route than Millennials (59% versus 51%).\u00a0<strong>\u200d<\/strong><\/li><\/ul><h4>\u200d<strong>ALL I WANT FOR CHRISTMAS IS DUPES<\/strong><\/h4><ul role=\"list\"><li>When asked about the helpfulness of social content for discovering holiday gift ideas, almost half (47%) said it\u2019s not helpful, with 32% liking shopping hauls.\u00a0<\/li><li>For Gen Z, the preference for holiday shopping social content is \u2018dupe videos\u2019, whereas for Millennials, it\u2019s \u2018PR unboxings\u2019.\u00a0<\/li><li>Unsurprisingly, Gen Z is also more likely to consider TikTok Shop and Instagram for holiday shopping than Millennials (44% versus 33%).\u00a0<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d06bd4d elementor-share-buttons--view-text elementor-share-buttons--skin-framed elementor-share-buttons--shape-circle elementor-share-buttons--color-custom elementor-widget__width-auto elementor-widget-tablet__width-auto elementor-grid-0 elementor-widget elementor-widget-share-buttons\" data-id=\"d06bd4d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-grid\" role=\"list\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_facebook\" role=\"button\" tabindex=\"0\" aria-label=\"Share on facebook\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-share-btn__text\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__title\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2023\/03\/FB.svg\">\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_twitter\" role=\"button\" tabindex=\"0\" aria-label=\"Share on twitter\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-share-btn__text\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__title\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2023\/03\/twitter.svg\">\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_linkedin\" role=\"button\" tabindex=\"0\" aria-label=\"Share on linkedin\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-share-btn__text\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__title\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2023\/03\/linkedin.svg\">\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_reddit\" role=\"button\" tabindex=\"0\" aria-label=\"Share on reddit\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-share-btn__text\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__title\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2023\/03\/reddit.svg\">\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3e41692 e-con-full e-flex e-con e-child\" data-id=\"3e41692\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-44e7923 e-con-full elementor-hidden-tablet elementor-hidden-mobile e-flex e-con e-child\" data-id=\"44e7923\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_offset&quot;:100,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8fd8a61 elementor-widget elementor-widget-heading\" data-id=\"8fd8a61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Start your #Beem journey free !\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47652ab elementor-widget elementor-widget-image\" data-id=\"47652ab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"800\" src=\"https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2025\/01\/trybeem.png\" class=\"attachment-large size-large wp-image-258185\" alt=\"\" srcset=\"https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2025\/01\/trybeem.png 1000w, https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2025\/01\/trybeem-300x300.png 300w, https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2025\/01\/trybeem-150x150.png 150w, https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2025\/01\/trybeem-768x768.png 768w, https:\/\/trybeem.com\/blog\/wp-content\/uploads\/2025\/01\/trybeem-96x96.png 96w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-830dbfc e-flex e-con-boxed e-con e-parent\" data-id=\"830dbfc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fbb6dda elementor-widget elementor-widget-heading\" data-id=\"fbb6dda\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Read More<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7eaab80 elementor-grid-3 elementor-grid-tablet-2 elementor-grid-mobile-1 elementor-widget elementor-widget-loop-grid\" data-id=\"7eaab80\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;template_id&quot;:258009,&quot;row_gap&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:20,&quot;sizes&quot;:[]},&quot;_skin&quot;:&quot;post&quot;,&quot;columns&quot;:&quot;3&quot;,&quot;columns_tablet&quot;:&quot;2&quot;,&quot;columns_mobile&quot;:&quot;1&quot;,&quot;edit_handle_selector&quot;:&quot;[data-elementor-type=\\&quot;loop-item\\&quot;]&quot;,&quot;row_gap_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;row_gap_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"loop-grid.post\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"e-loop-nothing-found-message\">\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>After looking into\u00a0Gen Z holiday spending trends\u00a0in 2023, we decided to zoom out this year and bring millennials into the mix \u2014 surveying 700 young Americans aged 17-43 on their holiday spending, budgeting, and gift giving.\u00a0 Is Buy Now, Pay Later (BNPL) becoming a preferred form of payment to afford holiday gifts? Are holiday PR [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":257913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2315],"tags":[],"edited-by":[],"class_list":["post-257988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-car-insurance"],"acf":[],"_links":{"self":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts\/257988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/comments?post=257988"}],"version-history":[{"count":0,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts\/257988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/media\/257913"}],"wp:attachment":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/media?parent=257988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/categories?post=257988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/tags?post=257988"},{"taxonomy":"edited-by","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/edited-by?post=257988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}