Americans Plan To Spend A LOT This Holiday Season

Despite all that inflation — or maybe because of it — Americans plan to spend a near-record amount on gifts this holiday season. According to a new survey from Gallup, the average American thinks they’ll spend $932 just on presents. That’s up from the $837 they thought they’d spend last year and $805 in 2020. 37% of people believe they’ll spend $1000 or more, and just 8% say they won’t spend anything on gifts. Weirdly, only 17% of Americans say they’ll spend more than they did last year.