Looks Like Americans Won't Be Big Spenders This Holiday Season

The holidays are a time to spread a little extra joy and spend a little extra money. Case in point: Last year, the average shopper dropped over $900 on holiday gifts, with the typical parent spending more than $400 per child. Yikes.

But while retailers may have had reason to celebrate last holiday season, some might be in for major disappointment this time around. That's because Americans are planning to spend less money on gifts in 2017, according to a newly released CreditCards.com report.

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Source: Fool.com