Survey: 69% of Americans would skip holiday gift-giving

Photo courtesy: MGN

MINNEAPOLIS (WCCO) — For many people, giving gifts is one of the major parts of the holidays.

But, a new survey says 69 percent of Americans would skip exchanging gifts if their family and friends agreed to it.

The survey conducted by Harris Poll on behalf of SunTrust Bank showed that 60 percent of those surveyed expressed they would spend more time with friends and family if they didn't have to worry about buying or making gifts.

25 percent of people said they would rather use gift money on activities with friends and families. 37 percent said they would pay down debt, and 47 percent would choose to save money or invest it.

Find the complete results of the survey here.