Do you love to spend more whenever you are with your friends and family? It has been noticed that people tend to spend more when they are with their loved ones. Christmas season brings people together and therefore it has been seen that people spend more during the month of December so that they can have a memorable Christmas with their friends and family members. In last 27 years PNC Wealth Management has tried to understand how people spend their money especially during the Christmas season which helps economists to understand how the markets would behave in the future.

The PNC Christmas Price Index is one of the popular price index that people love to take a look at every Christmas season. Although, PNC Christmas Price Index does not have any influence on the US stock market it does help people to see how the economy is doing for the entire year, because that is clearly visible through the amount of money people spend during their Christmas holidays. The PNC Christmas Price Index takes into account different gift items that people would love to purchase and gift to their family members and friends.

Although, it is strongly believed that American markets did not do well in the year 2010, the PNC Christmas Price Index shows that the markets have moved up 9.2% for the current year. This means that people are spending more money on their gift items and products compare to last year. This has been really shocking for the American people because the index has had its second highest jump this year in the last 27 years and also had its highest jump since the 2003 year where the index went up to 16% for that year. The price tag for the year 2010 is $23,439 which is $1,900 more than the last year. There can be many reasons for this rise in indexes but economists believe that it could be because the survey has found that people are more inclined towards buying gold items and commodities this year. On the other hand, the rise in prices for entertainment services would have led people to spend more.

The author writes articles on personal finance related topics PNC Christmas Price Index and PNC Wealth Management.