U.S. Labor Day consumption survey: 57% of consumers budget less than $100

According to a recent GOBankingRates survey, about 23% of American consumers said they had no plans to celebrate Labor Day this year, while 57% of American consumers had a budget of less than $100.

The survey analyzed the spending intentions of 999 Americans, and the specific spending amounts were distributed as follows:

$0 to $50: 27%

$51 to $99: 17%

$100-$199: 14

$200 to $299: 7%

$300 to $399: 4%

$400 to $499: 3%

Over $500: 4%

For those who choose not to celebrate Labor Day, unused budgets may be reallocated toward back-to-school shopping, groceries, or the upcoming holiday shopping season.

The survey also showed that the proportion of people aged 55 to 64 and over 65 who plan to spend $50 or less on Labor Day is the highest, at 43% and 44% respectively. 40% of women said they prefer to keep their Labor Day spending within $50, while only 28% of men said so.

In terms of shopping items, food will become the primary purchase type for consumers on Labor Day 2024, and is expected to account for 79% of Americans' overall purchases. The following is the percentage distribution of consumer spending intentions in each age group:

18 to 24 years old: 63.44%

25 to 34 years old: 66.67%

35 to 44 years old: 77.33%

45 to 54 years old: 84.07%

55 to 64 years old: 93.33%

65 years and older: 91.92%

In addition, outdoor necessities (such as grills, patio furniture and lighting) accounted for 26% of total purchases, ranking second. Clothing ranked third with a share of 23%, and summer clothing sales will increase significantly at the end of summer.

Author✎ Summer/
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