Technology content trusted in North America and globally since 1999
8,589 Reviews & Articles | 67,082 News Posts

Survey shows we now spend more at Christmas, mostly using PayPal

Millennials spend more on electronic Christmas presents than Baby Boomers and Gen-X'ers combined, report shows

By Chris Smith on Dec 8, 2015 10:29 am CST - 0 mins, 56 secs reading time

A recent ShopTalk survey by Vantiv unveiled information about spending habits and amounts during holiday periods of 500 users. The results displayed in a recent press release showed that these people will be spending around $600 on holiday gifts in 2015, with 17% of users wanting to spend less than they did in 2014.

survey-shows-spend-more-christmas-mostly-paypal_043

In addition to these findings, Vantiv further reported that 40% of all gift transactions would process through the help of PayPal. Ray Moorman, director of product strategy at Vantiv, says that brick and mortar shoppers should be patient this holiday season; "Many shoppers will be using the new chip cards and EMV readers for the first time this season, and we know there will be some confusion and delays as people get used to the new terminals."

Further findings show that 'Millennials' are spending the most money towards televisions and electronics, with the later category posting a higher percentage of funds compared to both Gen-X and baby boomers combined.

Chris Smith

ABOUT THE AUTHOR - Chris Smith

I'm a competitive gamer and was an eSports employee. Recent changes have seen me hang up the mouse and move over to the technology world, covering all news for TweakTown, ranging from gaming news to opinion articles and the latest tech releases. Expect to see a few different articles on international eSports news and competitive game releases, as well as audio and mobile device content.

Related Tags