Seventy-six per cent of Canadians intend to spend less than last year. Photo by Jack Boland /Postmedia
It’s still only September, but it’s never too early to begin planning for the holiday shopping season, especially since Canadians are expected to collectively carry $6.1 billion in post-holiday debt this year, amounting to about $187 per person, according to a recent survey by Omnisend UAB, an e-commerce and marketing firm.
To help mitigate their debt loads this holiday season, 76 per cent of Canadians intend to spend less than last year, while 61 per cent plan to spend less than $500 on the holidays.
This comes in contrast to last season, when Deloitte Canada estimated Canadians would spend an average of $1,400 during the holiday season, a 10 per cent increase from 2023.
“Household