Siena College Releases Survey On Holiday Spending

Nineteen percent of New Yorkers plan to spend $1,000 or more on gifts this holiday season.

That's according to a new statewide survey released by the Siena College Research Institute.

Just over half of New Yorkers plan to hold their holiday spending under $500, while 37 percent have budgeted between $500 and $1,000.

Half say they will keep their spending unchanged this year, while more than twice as many hope to cut spending as compared with those who say they will increase their spending this year.

On an unrelated topic, the Siena survey finds one-third of New Yorkers -- but nearly half of those 65 or older -- say fruitcake is a delicious treat that they love.