The results of the Xbox 360 Holiday Entertainment survey have been released. With the tough economy it's no surprise to find out consumers are being cautious with their money this year. According to the survey, 60% of respondent are planning on staying home or close to home for the holidays.

71% are looking for a gift to bring the family together and 89% are hunting for gifts that keep on giving. The study also shows that 81% of people are looking for gifts to entertain at home and 86% of young adults hope to get at least one video game this year.

A full 2/3 of respondents plan to spend less this holiday season by 16% averaging to $124 less and are looking for something to entertain guests during the holidays. Naturally, Microsoft says the Xbox 360 meets all of these goals.

Via Microsoft