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Lunar New Year, or Imlek, is a Chinese New Year celebration based on the lunar calendar. This celebration is also associated with the arrival of spring, starting on the 30th day of the 12th month and ending on the 15th day of the first month, known as Cap Go Meh.
According to Statista and The Independent's 2015 release, the largest expense during Lunar New Year is purchasing gifts for parents. These gifts, symbolizing filial piety, are prioritized by up to 65 percent of people. Decorations and fireworks are the second largest expense at 61 percent. Gift purchases for friends and relatives follow, while red envelopes (angpao) only receive 29 percent of the budget.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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