FORT WAYNE, Ind. (WOWO): Thanksgiving is next week, which means if you haven’t started shopping for the holidays yet, you will soon.
The average person will spend just under $1,000 on gifts this year, according to a study by personal-finance website WalletHub’s annual Holiday Budgets by City report.
That’s an increase of 3.4% since last year, and more than 20% over the past two years.
After studying 570 cities, Fort Wayne comes in near the middle of the pack, with an average holiday budget of $545, which is slightly more than Indianapolis, coming in at $539.
The city with the biggest holiday budget is Naperville, IL, averaging just under $2,400 on presents for friends and family.