$936

Overall spending for the 2017 holidays will be up by 3 percent from 2016 according to the National Retail Federation’s annual consumer survey.

$478

And although spending is up, the same survey says people plan on spending “slightly more than $478 on gifts for family,” which is down from $486 last year.

65.2 percent

A survey by Magnify Money found this percentage of shoppers in 2016 went into debt unexpectedly, and didn’t budget for the extra expenses.

$1,003

That same survey “found consumers who took on debt” would “kick off the New Year with an average of $1,003 worth of new debt – and the most common form of debt is credit card debt.

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Brian Bienkowski

Brian Bienkowski

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Bienkowski is a staff writer and is the face of Debt.com's 'By the Numbers' videos.

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Article last modified on December 15, 2017. Published by Debt.com, LLC . Mobile users may also access the AMP Version: By the Numbers: Holiday Spending - AMP.