Why Do We Spend So Much Each Year on Holiday Shopping?

“Our mentality is to buy, buy, buy, regardless if we can afford it or not. “Several factors lead to Americans overspending on holiday shopping,” said Nikki Kirimi, MBA, CMA, CPA and founder of MoneyWorldBasics. “Holiday shopping has been a part of American culture ever since Black Friday rose to popularity in the late 1980s,” said Michelle Ebbin, a marketing and shopping expert and the founder of specialty clothing brand JettProof. “From my perspective, your holiday spending habits will be much like how you grew up,” Sanchez said. We are in love with the holiday spirit!”More From GOBankingRatesThis article originally appeared on GOBankingRates.com: Why Do We Spend So Much Each Year on Holiday Shopping?