1 in 3 American Families Concerned With Their Ability to Pay for Holiday Gifts, Finds CashNetUSA.com Survey
CHICAGO (November 14, 2012) – With the holiday season quickly approaching, having enough money for holiday gifts currently ranks as Americans’ top financial worry, according to a new survey by online lender CashNetUSA.com. One in four Americans (24 percent) are concerned they’ll have difficulty paying for holiday gifts this year, a number that increases to one in three (35 percent) among those with children under 18.
Individuals in their 30s expressed the greatest concern about the ability to pay for holiday gifts at 37 percent. The survey illustrates how the continuing economic environment is impacting Americans and their ability to meet basic and important expenses in their lives.
The 1,000 Americans polled foresee having difficulty paying for the following items in the next six months:
- Holiday gifts - 24 percent
- Medical bills - 16 percent
- Mortgage or rent - 15 percent
- Education or student loans - 14 percent
“The holidays are traditionally a challenging time for Americans but these survey findings suggest Americans are feeling an extra pinch this year,” says Keith Weinberger, senior director of marketing at CashNetUSA.com.
About the Survey
This CashNetUSA.com survey was conducted online in September 2012 by TNS Omnibus among a nationally representative sample of 1,000 American adults ages 18 and over. The margin of error for the national sample is approximately three percent. Surveys are subject to other error sources as well, including sampling coverage error, recording error, and respondent error.
The complete findings and data of the CashNetUSA.com survey are available at http://www.cashnetusa.com/blog/holiday-shopping.
Contact: Mike Gilhooly
Office: (312) 568-4230
CashNetUSA.com is America’s leading and licensed online lender of cash advances and the top choice among consumers needing access to credit to manage financial emergencies. A trusted online provider of credit alternatives for hard-working people, CashNetUSA.com believes everyone deserves access to simple and trustworthy financial services and is working to close the credit gap for underserved customers.
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