Mount Pleasant has 17th biggest holiday budget nationally, study finds

Mount Pleasant has 17th biggest holiday budget nationally, study finds
With 54% of merchants expecting increased holiday spending in 2020 despite the COVID-19 pandemic, a new WalletHub study ranked Mount Pleasant on a list of Cities with the Biggest Holiday Budgets. (Source: Live 5 News)

MOUNT PLEASANT, S.C. (WCSC) - With 54% of merchants expecting increased holiday spending in 2020 despite the COVID-19 pandemic, a new WalletHub study ranked Mount Pleasant on a list of Cities with the Biggest Holiday Budgets.

The study comes from a full report of 2020 Holiday Budgets by City.

Mount Pleasant was ranked number 17 on the list of 570 cities, with a maximum budget of $2,452.

WalletHub based the rankings on factors like income, age, and savings-to-monthly expenses ratio. They used this to estimate the maximum spending amounts for consumers in each of the 570 cities.

The study ranked Palo Alto, California as number 1 with a maximum budget of $3,056.

Albany, Georgia had the smallest budget of the 570 cities with a maximum budget of $50.

Besides South Carolina, Virginia and Florida are the only other states in the southeast to have cities ranked in the top 20.

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