Consumers Plan To Spend Less This Holiday Shopping Season, Survey Finds

PHILADELPHIA (CBS) -- Americans are expected to spend less this holiday season than in the past. The National Retail Federation released its annual survey.

They asked nearly 80,000 consumers about their holiday shopping plans.

They found that on average that people planned to spend about $1,000 dollars on gifts, food and other necessities for the holidays.

That's $50 less than last year.

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