Are You Planning to Splurge? Most Holiday Shoppers Are

Holiday shoppers are planning to spend big despite inflation concerns, survey shows. Many plan to budget and look for deals, but 96% say they still expect to overspend.

Three Women Shopping
(Image credit: Getty Images)

Inflation woes threaten to put a damper on holiday shopping but the latest Merry Money Survey by TD Bank found that it probably won’t stop most shoppers from loading up their sleighs. 

Rather than avoiding gift shopping altogether, 70% are budgeting for their purchases and another 80% are planning to seek out discounts and special offers to save money. Overall consumers aren’t slowing down for inflation’s sake with 96% still admitting that they expect to overspend this holiday season.  

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Seychelle Thomas
Contributing Writer

Seychelle is a seasoned financial professional turned personal finance writer. She’s passionate about empowering people to make smart financial decisions by combining 10 years of finance industry experience with solid research and a wealth of knowledge. Seychelle is also a Nav-certified credit and lending expert who has explored money topics such as debt consolidation, budgeting, credit, and lending in her work for publications including GOBankingRates, LendEDU, and Credible.