A new Gallup poll released Friday revealed that Americans predict they will spend an average of $743 on Christmas gifts.
The number represents a significant increase in Americans' predicted spending from December 2008, when Americans predicted they would spend $639 on gifts.
It also represents an increase from the November poll, in which Americans predicted spending $638 on gifts, and is even above the $740 Americans predicted they would spend in the October poll.
The poll further found that 29% of Americans plan to spend $1,000 or more, while 24% said they plan to spend between $500 and $999. Another 14% said they expected to spend between $250 and $499, while 16% said they plan to spend between $100 and $249. The remaining 4% said they would spend under $100.
Meanwhile, the poll found that 47% of Americans said they plan to spend around the same amount for this Christmas as they did last year. Another 42% said they would spend less, while 10% said they would spend more.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.