How the Winter Solstice Can Impact Your Budget

Last year, the average American spent nearly $1,000 per person on holiday gifts, up from about $885 per person in 2018.1 Though the COVID-19 pandemic continues to weigh on the retail sector (and many Americans’ bank accounts), some analysts have cited reduced spending on travel, restaurants, and entertainment in predicting a slight uptick in holiday retail sales for 2020.But these aren’t the only extra expense associated with the winter solstice. Read on to learn more about how December’s short days and long nights could impact your budget. Read more