On average, they’ll spend £69 on their partner on an average present, £74 on their children, and £42 on friends.

But while 77 percent just like to make people happy, 43 percent admit they will also treat themselves “from time to time”.

The research was commissioned by Card Factory, ahead of the launch on Monday of their special in-store post boxes, where children can post their letters to Santa.

Chief commercial officer Adam Dury said: “It’s inbuilt in human nature to try and make those we love happy.

“People love an excuse to buy for others – whether that’s because we enjoy making those closest to us feel good, or do it just for the thrill of shopping.

“Whatever the reason, you can’t beat the gift of giving.”

The research also revealed two-thirds of Brits get a rush from making other people happy.

More than half like people to know how much they value them, and 63 percent enjoy seeing the smile on someone’s face.

Meanwhile 45 percent want to give loved ones something they’ll remember.

It also emerged a third have previously given someone a present that has made them cry “happy tears”.

However, 28 percent admit to feeling disappointed if they don’t get the reaction they wanted when giving a gift.

The study, conducted via OnePoll, found 57 percent reckon the thought that goes into a gift is as valuable as the cost.

And a huge 86 percent agree a smaller gift can have the same impact as a big one.

Almost four in ten spend a lot of money on a few expensive gifts, but 69 percent believe the cost makes no difference to the value of it for the recipient.

More than a third (34 percent) like their gifts to hold sentimental value, while almost half still have treasures that were given to them as a child.

Adam Dury, from Card Factory, added: “As experts in celebration, we wanted to get a real understanding of the sentimental factors behind gift-giving at this time of year.

“It’s clear from our research findings that people have become a lot more thoughtful when choosing gifts for those nearest and dearest, and no doubt many will make this Christmas a special time for the important people in their lives.

“This period is also particularly magical for children, who can now deliver their letters to Santa in store ensuring everyone enjoys giving and receiving gifts this Christmas.”