Easter is right around the corner, and a majority of people in the United States are conscious of how they will spend their money to celebrate the holiday.
A total of 72% of people say the rising costs of food will have an impact on their plans for Easter. Of these people, 43% said they would be looking for sales at grocery stores more than they usually do, according to the survey conducted by Finance Buzz.
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Other findings in the survey found that 24% of respondents will be using coupons more than they usually do, 22% will reduce the number of goods they will put in their Easter baskets, and 20% say they will use fake eggs instead of real ones. Additionally, 16% of respondents will cut back on food in their family dinner, 14% will have fewer guests, and 11% will ask guests to bring more food than usual.
The Easter holiday is the second biggest holiday for the candy market behind Halloween, though the spring holiday does occasionally surpass its fall counterpart on occasions. In 2022, people between the ages 35 and 44 spent more than all other age groups for their Easter celebrations, with the average in this age group spending $232.65.
The price of ham, a popular choice of meat for Easter, cost 52.9% more in 2022 than it did in 2021, while spiral-cut ham cost 46.1% more. Lamb, another popular Easter meat, was up by 18.5% in 2022 compared to the year prior, and meat, in general, was up 13.6% from 2022, according to data analytics company NielsenIQ.
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A total of 70% of candy purchased for Easter is chocolate, with Reese’s milk chocolate peanut butter eggs, Cadbury creme eggs, and chocolate bunnies being the most popular choices for chocolate-related candies for Easter, according to data cited by the outlet.
A total of 1,000 respondents were surveyed when collecting the data in this survey.