Daily Digit: Americans are preparing to spend a lot of money on presents this year

Daily Digit is the story behind the numbers that make our world work. Today we’re looking at the amount of money people spend for the holiday season. This year, Americans could spend nearly $721 billion on holiday shopping, with the average person spending an average of $885. A separate survey showed that the top gift for 2018 will be gift cards, and that many people have already completed their holiday shopping. To prevent overspending, experts suggest you create a budget rather than a gift list, and allocate accordingly. How much do you plan on spending this year?