Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Black Friday and Cyber Monday shopping stats for 2023

How many of us will be the sales this year?

The holiday shopping season is upon us, and an estimated 132 million Americans plan to shop the pre-holiday sales (such as Black Friday and Cyber Monday) in 2023, according to the latest research from Finder. And with an average spend of $708, Americans will part with roughly $60 billion this year trying to score a deal.

Graphic source

Women slightly more likely to shop the sales

In 2023, women are more likely to say they’ll be hitting the Black Friday sales, with 57% of women saying they’ll be bargain hunting compared to 44% of men.

Graphic source

However, the average man is handing over $565 at the sales compared to $382 for women.

Graphic source

Generation Z top Black Friday shoppers

Generation Z will be hunting for bargains this holiday season, with 68% of those surveyed saying they plan to shop the Black Friday sales. However, generation Z also plans on spending the least of any generation at $357.

Northeast homes the highest percentage of holiday shoppers

Black Friday is most popular with those in the Northeast, with 54% saying they plan to shop the sales. They’re also the biggest spenders, with the average shopper handing over $547. Those in the Midwest and West are the least likely to shop the Black Friday sales (just 49%). People in the Midwest plan to spend the least per person at $393.

Graphic source

Are Black Friday sales worth it?

While only 50.5% said they planned to shop the Black Friday sales, a combined 52% say Black Friday sales are good value. However, 34% say that while Black Friday offers good deals, it’s not always worth the hassle.

Graphic source

Slightly more men than women think Black Friday sales offer value

About two-fifths of men (63%) and women (61%) say Black Friday is a great chance to score a deal. Women are a little more suspect of retailers than men, with over a quarter (26%) of women suspecting that retailers just inflate their prices presale only to “discount them” for the sales.

Graphic source

Gen Y say Black Friday is a great deal

While generation Z is the most likely to be shopping the sales, it’s actually gen Y who says the day represents a great deal, with 71% saying Black Friday sales are good value.

Graphic source

The United States of Black Friday sale shoppers

The country may have differences from coast to coast, but the value offered by the Black Friday sales is something many of us share, with 71% of those in the Northeast and South and 68% of those in the Midwest and West saying the sales offer good value.

Graphic source

Once bitten, twice shy

Approximately 52% of those surveyed said they’d bought a sale item only to regret it later, with the average amount spent on a regrettable item coming out at $249.

Graphic source

Men make costlier shopping errors

Women are far more likely than men to regret past purchases, with 49% saying they’ve bought a sale item and regretted it compared to 44% of men. However, the amount spent on these regretful decisions was vastly different, with the average regretful purchase by men ($354) more than double that spent by women ($194).

Graphic source

Generation Z regret their past purchases

Generation Z rues their previous Black Friday sales pickups the most, with 60% having bought something on sale they later regretted. Gen Y has the most expensive regrets at $355.

Graphic source

The Midwest has the least regret over past purchases

People in the Mideast have the least regret over items they bought on prior Black Friday sales at 56%, while the average regretted item is at its lowest in the South ($229).

Graphic source

How can you protect yourself against porch pirates?

With so many people plannign to shop the pre-Christmas sales it could be a busy time for porch pirates, with 23% of those surveyed by Finder saying they had a package stolen in the last 12 months. If you’re looking to protect your Black Friday and Cyber Monday purchases, outside of perching on your porch, you should make sure that you use a credit card that offers purchase protection. This way if your sale item is stolen, lost or damaged in transit you’re covered.

About the Author

Richard Laycock is Finder’s NYC-based senior content marketing manager & insights editor, spending the last decade data diving, writing and editing articles about all things personal finance. His musings can be found across the web including on NASDAQ, MoneyMag, Yahoo Finance and Travel Weekly. Richard studied Media at Macquarie University, including a semester abroad at The Missouri School of Journalism (MIZZOU).

This article originally appeared on Finder.com and was syndicated by MediaFeed.org.

Image source: Getty

More guides on Finder

Ask a Question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site