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Poll: 56% to spend less on gifts this year

  |   Dec. 9, 2010 at 1:52 PM
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ASBURY PARK, N.J., Dec. 9 (UPI) -- Eighteen percent of American adults said they plan to spend more money on Christmas gifts this year than they did last year, a survey found.

A Rasmussen Reports telephone survey said Wednesday the number is up from 13 percent who just before Thanksgiving said they plan to spend more.

Fifty-six percent said they will spend less on gifts this Christmas season, the survey indicated. Seventeen percent said they finished their holiday shopping -- the same figure as last year, but slightly down from 2008, a survey found. The number is up 7 points from a week ago and up 11 points from just before Thanksgiving.

Consumer confidence reached its highest level in three years last month, posting its biggest month-to-month increase since April, the Discover U.S. Spending Monitor said.

The nationwide survey of 1,000 adults was conducted Dec. 6-7 by Rasmussen Reports. The margin of error is 3 percentage points.

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