Consumers Seen Spending More on Gift Cards

WASHINGTON — Holiday shoppers are expected to spend an average of $155.43 on gift cards this season, the highest amount since 2007 and up from $145.61 last year, according to the National Retail Federation here.

WASHINGTON — Holiday shoppers are expected to spend an average of $155.43 on gift cards this season, the highest amount since 2007 and up from $145.61 last year, according to the National Retail Federation here.

Total spending on gift cards will reach $27.8 billion, according to the NRF's 2011 Holiday Consumer Actions and Intentions Survey, conducted by BIGresearch. This marks the fifth year in a row that gift cards topped consumers' "wish lists," NRF noted in an earlier holida

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