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Conference Board: U.S. Christmas Gift Spending Down

By Staff -- Gifts and Dec, 11/23/2009 9:48:00 AM

New York – U.S. households plan to spend an average of $390 on Christmas gifts this holiday season, down from last year’s estimate of $418, a survey conducted for The Conference Board by research company TNS reports. The top spenders will be New England households, which intend to spend an average of $534. Lowest Christmas spending will be in the Mountain region, where consumers intend to spend $332 on Christmas gifts. Only 26 percent of households intend to spend $500 or more on Christmas gifts, down slightly from 27 percent last year. Some 35 percent plan to spend $200-$500, down from 37 percent last year, and 39 percent plan to spend less than $200, up from 35 percent in 2008.

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