The 'Grandma's house' holiday tradition is dying - here's where people are gathering instead
Overall, shoppers spent 7.9% more this year than they did in 2014, excluding gas and vehicle purchases - outpacing last year's 5.5% increase, according to MasterCard SpendingPulse data. The data includes purchases made with credit cards, debit cards, cash, and checks.
But shoppers aren't necessarily buying more gifts.
Instead, they are spending more on entertainment and experiences, and particularly on dining out.
Restaurant spending doubled on Christmas day this year compared to last year, according to Sarah Quinlan, senior vice president of market insights for MasterCard Advisors.
"It looks like we didn't go to Grandma's house this year," Quinlan told Business Insider. "Nobody cooked."