The City With the Most to Spend on Christmas? It's Washington, D.C.

By The Atlantic Cities

This year, the average American will spend $650 on gifts, as part of the country's projected $470 billion of shopping between Thanksgiving and New Year's -- a new record. But which U.S. metro areas have the most to spend? A new index Richard Florida developed with his colleagues at the Martin Prosperity Institute includes three measures of regional productivity and wealth: median household income, per capita income and average wages and salaries. By his calculations,  Washington, D.C., tops the list, followed by San Jose, and Bridgeport-Stamford, Connecticut.

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Read the full story at The Atlantic Cities.

And read more in our series on the intersection of Christmas and economics:


Is Christmas Bad for the Economy?

The 12 Days of Christmas? That'll Cost You a Record $101,119.84

The Behavioral Economist's Guide to Buying Presents

Christmas Gift-Giving by Country (or: Why Are the Dutch So Stingy?)



This article available online at:

http://www.theatlantic.com/business/archive/2011/12/the-city-with-the-most-to-spend-on-christmas-its-washington-dc/250276/