In honor of Easter this Sunday, people across the country will be going to church services, hunting for Easter eggs and gathering with family for dinner. But thanks to inflation, their celebrations may not be as extravagant as in years past, a new survey reveals.
WalletHub’s research finds:
- More than two-thirds (69%) of Easter-celebrating Americans are planning to spend less on the holiday this year than they did in 2022.
- One big reason for that is that people are now spending more on basic living expenses, leaving less in their holiday budgets.
- Close to 40% of those who celebrate Easter have a budget for the holiday.
- Nearly half say inflation has affected their Easter spending.
- Over a quarter (28%) of Easter-celebrating Americans say they’re donating less than usual to their church this Easter.
- Tax refunds help, as 21% say they’ll be using a portion of their refund to donate to a religious organization.
- Nearly one in four respondents say they gave up something money-related for Lent this year.
- This year more people are staying home to celebrate the holiday, 41% compared to 35% last year.
- Three in 10 of those who celebrate Easter plan to go to church on Easter Sunday.