From yesterday’s Oklahoman, business section:
Oklahoma City and Tulsa residents are expected to average $899 and $519 respectively on holiday spending, according to a report released last week by WalletHub personal finance website.
Among 570 U.S. cities, Oklahoma City ranks 116th and Tulsa, 399th. The predicted biggest spenders are Palo Alto, Calif., consumers at $2,281, and cheapest, Brockton, Mass., residents at $70.
Okay, Tulsa, what’s with the skinflintiness? (And geez, Brockton, how do you do it?)
WalletHub’s analysts based their ratings on cities’ incomes, ages, debt-to-income ratios, monthly income-to-monthly expenses ratios and savings-to-monthly expenses ratios. Among other metrics, Oklahoma City residents average 34.1 years of age, $5,583 in savings, and $4,228 and $3,313 in monthly income and expenses.
I’m guessing that $915 a month ($4228 less $3313) goes to the taxman.
Still, even at our lofty 116th, we’re not exactly big spenders:
Nationwide, the predicted holiday spending average is $935, up from $805 last year, according to the report. The National Retail Federation predicts the same average, which includes gifts for others, food, flowers, decorations, cards and some $139 consumers are expected to spend on themselves.
Not even going to jump on that last item.