Why Americans Are Dreading the Holidays

From buying gifts for your loved ones to hosting the perfect party, spending during the winter holidays quickly adds up and, according to a recent survey, most Americans are dreading it. The survey found that 61% of participants were experiencing angst over Christmas specifically. The average consumer will spend roughly $600 on gifts, and that number increases to $850 if you have children under 18. A whopping 75% of parents with young children said they fear disappointing their children during the holidays. Guilt was cited as one of the biggest reasons Americans overspend during the holidays, with 76% percent saying they feel pressured to buy gifts for their loved ones. Nearly 1 in 5 of the survey participants are still paying off debt from last winter. It's no secret that many Americans would prefer going back to the "old days," when gifts were made rather than bought.