Photo Credit: Jose Luis Pelaez/Iconica/Getty Images
It looks like there are a lot of good boys and girls on Santa's nice list this year. The National Retail Federation forecasts a 4.1 percent increase in holiday spending this year over last year, with shoppers plunking down an average of $759.51 for gifts, décor, cards and other items.
Calling the small increase a case of "cautious optimism," the group notes a little over $420 of that money will be spent on presents. We were curious how that number aligned with those of readers, so we took an informal poll -- with answers ranging from $10 for a newborn to $900 for a 10-year-old (FYI, a new bike was involved). Here's a sampling of what we're spending:
$50 (1-year-old), Los Angeles
$200 per child (8- and 6-year-old), Denver, Colo.
$75 per child (2- and 6-year-old), New York
$220 per child (8- and 6-year-old), St. Louis, Mo.
$750 to $900 per child (7- and 10-year-old), Asheville, N.C.
$50 (2-year-old); $10 (newborn), Seattle
$500 per child (8- and 4-year-old), Urbana, Ill.
$231 (5-month-old), Falls Church, Va.
$30 (1-, 3-, 6-, 7-, 8-year-olds); $200 (10- and 11-year-olds), Chicago
$100 per child (5- and 2-year-olds), Ft. Collins, Colo.
$120 (11- and 13-year-old), Denver, Iowa