After a year of doom and gloom, people are ready to put it behind them and move forward (for a night, at least).
"A new survey from American Express reports that many people will reward themselves for paring back on gifts with what it calls 'party driven' spending. Some 69% plan to celebrate with friends or family, and 45% plan to attend parties. And 90% plan to make purchases for the occasion.
Affluent people will spend $750, for example, and young professionals $470, on food, spirits and other festivities. Some 44% of young professionals plan to buy a new outfit to wear to a holiday party, and 24% of affluents and 31% of young professionals say they plan to get either their nails or hair done. Among partygoers, 68% say they will spring for a hostess present, spending an average of $35.
The American Express survey, which included just over 2,000 adults, also finds that people are somewhat more behind on their shopping than usual, with 66% saying they haven't finished yet, and 21% planning to continue their shopping right through the week before Christmas.
Of those, 31% are doing so in order to find better deals, 19% are still saving, 18% are just time-strapped, 11% are planning to use their last paycheck before Christmas, and an impressive 10% are waiting for Christmas to pass by entirely, so they can make out on post-holiday sales."