Here's how far parents will go to pay for holiday gifts

Mall of America closing on Thanksgiving Day

Many parents will bust their budgets this year when it comes to fulfilling their children’s holiday wish lists, and that could mean they will be paying for those gifts for months, and sometimes years later.

More than half of parents report they aim to get everything on their kids’ wish lists this year, spending an average of $ 422 per child, according to a new survey from T. Rowe Price.

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