Religion & Spirituality - Poll: Christmas spending likely lower

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Poll: Christmas spending likely lower

PRINCETON, N.J. (UPI) -- U.S. consumers indicated they were preparing for an austere 2009 Christmas shopping season, researchers at the Gallup Poll said Monday.

In a recent survey, consumers indicated they expected to spend on average, $638 on Christmas gifts this season, just slightly higher than the $616 recorded in November a year ago.

The poll's results could be a harsh letdown for the nation's retailers. A month ago, the same poll came up with an average sum of $740 that consmers indicated they would spend this year.

A majority, 57 percent, indicated they would spend the same on gifts this year as last. Thirty-four percent indicated they would spend less this year.

The poll included interviews with 1,008 adults Nov. 5-8. The results carry a margin of error of plus or minus 4 percentage points, Gallup said.

Copyright 2009 by United Press International

This news arrived on: 11/16/2009

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