Cash for Christmas_12042024_1
Most Americans want cash for Christmas, like the bills being thrown by Flo Rida during iHeartRadio 93.3 FLZ’s Jingle Ball on December 16, 2022, in Tampa, Florida. Gerardo Mora/Getty Images

No need to panic about Christmas gifts this year, most Americans want cold hard cash to pay bills or buy themselves gifts, a Lending Tree survey found.

Overall, 49% of people giving gifts this year want to receive cash in return. That number ticks up to 61% for kids under 18, 58% Gen Zers and 57% for millennials, and, if given the option, 39% of gift receivers said they would trade it in for its cash value, according to a survey by Lending Tree.

When it comes to spending the money, 27% of respondents would use it to pay bills and another 27% said they would buy themselves something nice while just 18% said they would save it.

Some respondents, said they would use the money to buy a gift for someone else (11%), pay down their debt (9%), or invest it (4%).

Other interesting insights revealed 31% of Americans are opting out of buying any gifts this year with 52% blaming high costs. Additionally, 55% of respondents are cutting back on traditions like Secret Santa and Elf on the Shelf because of inflation.

Originally published by Latin Times

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