Figures from LV suggest that UK parents spent a collective £2.47 billion pounds on their kids over Christmas 2011.
LV said that mums and dads were set to spend an average of £157 on presents and £21 on stocking fillers per child. This means that overall £178 was spent on average per child (up from £168 over Christmas 2010).
Breaking the figures down by age group, 7-11 year olds were the most expensive to buy for with parents spending an average of £220 per child on kids in this range. They were closely followed by 12-17 year olds, who had £217 per child spent on them over Christmas.
Source: Credit Action – January 2012 edition