By CBS3 Staff

PHILADELPHIA (CBS) — ‘Tis the season for holiday shopping! The National Retail Federation says people will spend more than $720 billion on presents this year.

Gift cards are the most popular gift.

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Meanwhile, Barbie remains the top toy this year, followed by LOL Surprise Dolls and American Girl items.

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Lego, Hot Wheels and Paw Patrol are also some popular gifts.

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The National Retail Federation also says the average person spends about $1,000 on all of their holiday shopping.