Canadians aged between 34 and 55 overspent the most: $531 on average
Royal Bank of Canada (RBC) published an annual poll on post-holiday spending and saving among the Canadians.
The poll shows that more than 36% of shoppers in Canada went over budget by an average of $459 during the 2019 holiday season.
As to the positive side, 32% of shoppers have already paid off their extra holiday bills. The remaining part of spenders plans to cover those expenses by spending less on day-to-day living expenses (25%) and cutting back on entertainment and lunch costs (24%).
The poll reveals the biggest shopping regrets as well. 14% of Canadians feel sorry about not spending enough time with family and friends, followed by not making a budget and sticking to it (10%) and buying too many gifts (7%).