Twin Cities shoppers to trim holiday budgets, spend more on gifts

Deloitte's 27th annual holiday survey shows shoppers in the Twin Cities plan to spend roughly $430 on gifts this year, but cut their overall holiday budgets.
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Deloitte's 27th annual holiday survey shows shoppers in the Twin Cities plan to spend roughly $430 on gifts this year, the Business Journal reports.

Twin Cities Business notes that's about three percent more on gifts than last year and 10 percent more than the national average.

However, the online survey found Twin Cities shoppers plan to cut their overall holiday budgets -- socializing, entertaining, clothing, furnishings -- by about three percent to $1,000, the Pioneer Press reports.

Nearly 60 percent of the 500 Twin Citians surveyed also said they expect the economy to improve next year.

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