'Tis the Season to Be Jolly…And Rack Up Debt: Holiday Shopping Quiz
by Staff
Are you an organized, educated, budget-minded holiday shopper or (like most of us) the overspending, last-minute type? Whatever your shopping profile, this quiz will give you some insight into the massive, sometimes maddening, holiday retail world.

The American Research Group has been conducting holiday spending surveys for 25 years. In 2010, about how much did the average survey participant anticipate spending on holiday gifts?

  • $650
  • $1,050
  • $1,450

How many of the survey's respondents expected to shop on the Internet?

  • 20 percent
  • 40 percent
  • 60 percent

How many people plan to do catalog shopping?

  • 10 percent
  • 25 percent
  • 45 percent

How many people start their holiday shopping by mid-November?

  • 20 percent
  • 40 percent
  • 60 percent

How much more are you likely to spend if you buy holiday gifts with a credit card?

  • 20 percent
  • 30 percent
  • 40 percent

How much money does that extra 30 percent translate to over the holiday season?

  • $70
  • $180
  • $310

True or false: If you shop online on Black Friday instead of going to the store at 5 a.m., you'll have a better chance at actually scoring a deal.

  • true
  • false

About how many Americans were in debt from the 2009 holiday season at the beginning of 2010?

  • 6 million
  • 13 million
  • 24 million

How did "Black Friday" get its name?

  • from the many people who have been trampled in store stampedes
  • It's traditionally the day of the year that retailers actually turn a profit.
  • The parking lots and malls are so full that everything just looks black.

True or False: One holiday shopping poll reported that 5 percent of men weren't going to spend a dime on holiday gifts.

  • true
  • false

How many women in the poll said they weren't going to buy any holiday gifts?

  • none
  • 5 percent
  • 10 percent

Most people don't haggle over prices in stores, but one study found that hagglers saved an average of $____ on computer purchases.

  • $50
  • $100
  • $200

What percentage of people say they know they'll be holiday shopping at the last minute?

  • 12 percent
  • 22 percent
  • 32 percent

What percentage of people say they start shopping in January for that current year's holiday season?

  • 8
  • 16
  • 24

Which of the following does the National Retail Federation suggest doing the night before an advertised sale starts?

  • Go to the store to make a purchase.
  • Enter all your payment information online, so all you need to do in the morning is click "buy."
  • Camp out in front of the store.

What's the number one Black Friday shopping tip on

  • Wait until Cyber Monday to shop.
  • Don't bother camping out; just get to the store about 10 minutes after the doors open.
  • Start shopping on Thursday.

True or False: Christmas Eve is the busiest shopping day of the year.

  • true
  • false

In 2009, what was the most visited Web site on Black Friday?

  • Amazon
  • Walmart
  • Target

In 2009, how many Black Friday shoppers bought toys?

  • one-third
  • half
  • three-quarters

How many Black Friday shoppers are in stores by 5 a.m.?

  • one-fourth
  • one-third
  • half