Easter spending takes a big hop

Americans will spend an average of $152 per person celebrating Easter this year, according to the National Retail Federation and Prosper Insights & Analytics.

We will collectively spend $18.4 billion, a six percent increase over Easter in 2016. That includes $2.6 billion spent on candy.

Although Easter spending dipped during the housing crisis and again in 2014, it has risen steadily since then.

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The survey found 57 percent of consumers will cook a holiday meal and 52 percent will attend church. More than a third will participate in an Easter egg hunt. The majority — 58 percent — will do their Easter shopping at a discount store. About a quarter will shop online and approximately the same number will shop at small local businesses.

Easter spending represents the fourth-largest retail spending period, after the winter holidays, back-to-school and Mother’s Day.

– Digital Partners -