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Americans are planning to spend more on Christmas presents than in any year since the Great Recession

Andy Kiersz   

Americans are planning to spend more on Christmas presents than in any year since the Great Recession
Stock Market1 min read

During October, Gallup runs a survey asking Americans about their Christmas spending plans. After hitting a peak of just over $900 in 2006 and 2007, average spending intentions plummeted after the financial crisis of 2008 and the Great Recession, bottoming out at just above $700 in 2010 and 2011.

That average intended spending level has since rebounded, hitting $812 in 2015.

Gallup notes some caveats with this survey - in past years, follow up surveys in November have often seen big swings, frequently in a downward direction, from October expectations. Still, they write that "these findings point to improved holiday sales this year compared with 2014."

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