Claremore Daily Progress

December 11, 2012

Christmas gift spending back to pre-recession day levels

Randy Cowling

CLAREMORE — When it comes to spending on Christmas gifts, Rogers County residents may be among the nation’s average group.

“Shoppers around the country say they are planning to spend an average of $854 for gifts this holiday season, up from $646 last year,”  according to the 27th annual survey on holiday spending from the American Research Group, Inc.
Similarly, in an online poll of readers, The Claremore Daily Progress found that 34 percent of those polled said they plan to spend more than $750 on Christmas gifts.
The American Research Group did a random sampling of 1,100 adults nationwide conducted November 11 through 14, 2012.
It found the average planned spending of $854 for 2012 is up over 32 precent from average planned spending in the 2011 survey and the planned spending matches planned spending of $859 in 2007, prior to the recession of 2008.
While the Progress’ online poll is unscientific, it showed similar results.
Thirty-four percent, 69 votes, said they plan to spend more than $750 on gifts.
Coming in second was people planning to spend $500 to 750 at 20 percent, 40 votes, and those spending $250 to 500 at 19 percent, 38 votes.
Only 16 percent, 26 votes, said they would spend between $100 to 250 and 13 percent will spend $50 to 100, 32 votes.