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The National Retail Federation reports that this year's holiday shoppers plan to spend nearly $1050 on gifts.

Despite the fact that Black Friday remains the busiest shopping day of the year, only about a third of gift-givers begin purchasing holiday presents in November. Roughly two out of three Americans complete their holiday shopping during the busy week leading up to Christmas.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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