54% of Americans who shop on Black Friday say they spend less than $500. 27% spend between $500 and $1000, while 13% spend between $1000 and $5000. When looking at the most ever spent on Black Friday by generation, Millennials (31%) and Gen X (29%) are more likely to spend over $5000 compared to Baby Boomers (13%) and the Silent Generation (10%). The most expensive item purchased on Black Friday for 38% was a computer or electronics.