In Principal's "Consumer Holiday Spending & 2019 Outlook," there's plenty to wonder at — when it comes to human behavior around money, that's always the case.
The big budget-busters during 2018 were dining out and food purchases, with high-income earners ponying up for dining out, clothes and travel. Those on the low end of the income scale were more likely to overshoot the budget on gas and groceries. Blowing too much money, whatever the purchase, could definitely color one's holiday spending agenda.
But even more interesting than consumer spending objectives around the holidays, there are cautionary tales to be found in respondents' financial resolutions for the New Year — and in their admitted financial blunders during the year that's nearly past.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
