Holiday Shoppers Plan To Spend Up To $276 Per Family Member On Average This Season

Most Americans say they don’t intend to spend more than last year this holiday season – yet that doesn’t mean they won’t go into debt. A survey from CreditCards.com finds the average parent with kids under 18 plans to spend $276 per child on gifts. Meanwhile, the average holiday celebrant with a significant other may spend $251 on gifts for them. A lot of holiday shoppers aren’t planning on increasing their budgets for this holiday season compared to last year. The survey found that 48% of respondents intend to spend about the same. Meanwhile, 21% said they intend to spend less and 13% said they anticipate spending more. The remaining 9% said they weren’t sure yet. Read more at CNBC.