Americans plan to spend $906 on gifts, the most since 2007
Middle- and lower-income households fueling the rise
Record-low percentage plan to spend less than last year
More specifically, 34% of Americans plan to spend at least $1,000 on Christmas gifts this year, 23% say they will spend between $500 and $999, 28% expect to spend between $100 and $499, and 3% will spend less than $100. Six percent of U.S. adults report that they won’t spend anything on Christmas gifts, which includes those who say they don’t celebrate the holiday.