Do you have a budget for the Holiday Season?  The experts say we should but the kids aren't listening.

A new CIBC survey on Christmas spending shows millennials, youngsters ages 18 to 34, plan on spending an average of $555 on Christmas.  That's up by 39% over last year.

Older generations have budgets around $669 but, while we're spending more, that number is down slightly from last year for those of us aged 35 to 54.

Shoppers aged 55 and older will spend the most at $696 and that's up slightly.

Interesting, when millennials were asked to describe their "shopping personality," 47% said they consider themselves "Modern Day Santas":  people who "absolutely love giving holiday gifts to friends and family."

It's also worth noting, 52% of us expect we'll go over budget this Christmas and 41% admit they can't afford to spend as much as they think they will.

Merry Christmas.