Flower Mount Has The Largest Holiday Spending Budget

FLOWER MOUND, TX -- 'Tis the season for overspending and the experts as Wallethub have narrowed down how much people will unload this holiday season on gifts. On average, a person will spend $1,007.24 this season, up 4.1 percent since 2017, according to data from the National Retail Federation. And chances are, that $1,007 will be through credit.

"In 2018, the average household credit card debt is $8,332, according to WalletHub's data. At the beginning of the year, there was over $1 trillion in total credit card debt, which only dipped slightly lower to around $979 trillion in the second fiscal quarter," Wallethub stated.

In an effort to educate consumers on spending habits, WalletHub calculated the maximum holiday budget for 570 U.S. cities using five characteristics, including income, age, and savings-to-monthly expenses ratio.

Of the top 20 cities with the biggest holiday budgets, six were in Texas alone. The top city was Flower Mound with $2,761, according to Wallethub. See where the other Texas cities ranked below.

1. Flower Mound, TX, $2,761

2. Sunnyvale, CA, $2,575

3. Naperville, IL, $2,528

4. Mountain View, CA, $2,524

5. The Woodlands, TX, $2,444

6. Bellevue, WA, $2,411

7. Sugar Land, TX, $2,321

8. Allen, TX, $2,244

9. Pearland, TX, $2,238

10. Maple Grove, MN, $2,156

11. San Ramon, CA, $2,036

12. Cary, NC, $2,010

13. Plano, TX, $2,006

14. Troy, MI, $1,965

15. Palo Alto, CA, $1,940

16. Rochester Hills, MI, $1,919

17. Pleasanton, CA, $1,913

18. Newton, MA, $1,888

19. Rockville, MD, $1,870

20. Shawnee, KS, $1,842

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