Discover Financial Services released its annual Holiday Shopping Survey, which assesses consumer spending trends and gift intentions for the 2009 holiday season. This year, shoppers plan to spend 15 percent less on holiday gifts compared to last year. Forty-eight percent of shoppers who plan to spend less said the economy was very influential on their decision to cut back on holiday spending this season. But of those spending less, nearly 80 percent say it will not put a damper on their holiday spirit.
