Holiday Spending Habits of Canadian Seniors

Updated on November 6, 2019
1 min read

The holidays are fast approaching and many Canadian seniors are finding it hard to accept the cost of holiday gift giving. In a recent survey, HomeEquity Bank conducted over the weekend of the Toronto ZoomerShow – holiday spending is expected to total an average of $2,464 among those aged 55 and over, leading to a financially stressful holiday. The survey also concluded that on average, men spend more than women over the holidays, with men spending an average of $2,898 while women spend $2,248.

This infographic provides details of the holiday spending habits of Canadian seniors.

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