Americans Cut Back On Holiday Gifts, But Not Charity

Though Americans are cutting back on holiday travel and party planning, they're not slashing the amount they donate to charity between Thanksgiving and Christmas.

A recent American Red Cross survey found that seven in 10 Americans plan to give more, or about the same, this holiday season. That's a 10 percentage point increase from last year.

"Despite the difficult economy Americans want to give to help others in need," said Red Cross President and CEO Gail J. McGovern. "With so many people out of work, they want to give something that means something."