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The Boston Globe

Business

Many say they’ll spend more for holiday gifts

As the economy mends, many say they’ll open wallets for holiday gift giving

Boston-area consumers, buoyed by rebounding home values and a healthier job market, plan to spend significantly more on gifts than other US shoppers this holiday season.

A recent survey of 500 local residents by the New York consulting firm Deloitte found shoppers here are planning to spend an average of $465 on holiday gifts — $43 more than last year, and 20 percent more than the national average. Nationwide, shoppers are expected to spend $386, or about $10 less than they did in 2011.

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