Did you hear?... American holiday spending poll

Americans plan to drop nearly the same amount of cash this year in holiday spending as they did last year, according to a poll just out.
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Americans plan to drop nearly the same amount of cash this year in holiday spending as they did last year, according to a poll just out. The average projected spending for this year is $794, down just $3 from last year, reported a CNN/USA Today/Gallup poll conducted last week. Interestingly, although the median amount Americans plan to spend has remained fairly constant in the last few years, the average has dropped because the number of people who plan to spend very large amounts has decreased. Almost a third of Americans (32 percent) expects to spend $1,000 or more for Christmas this year; only a small number less (30 percent) expect to spend between $500 and $1,000; another 30 percent expect to spend less than $500. The average of $794 is down significantly from the $875 average reported in 1999.

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