The Cost of Christmas in Britain

The Cost of Christmas in Britain How much will we spend? 24% Spend more than last Christmas 36% Spend the same as last Christmas 32% Spend less than last Christmas 5% Don't know 3% Do not celebrate Christmas Where does our money go at Christmas? (Average spend) Gifts Food & Drink £250 £125 Entertainment & Cards & Decorations Socialising £75 £25 Who do we give the most expensive gifts? Family Friends Colleagues Fact: Just over 1/3 of people will spend less than £50 in total on Fact: 1/2 of all people in employment won't buy a single gift for any of their colleagues this Fact: 4% of the population will spend more than £1000 in total on gifts for their family members. gifts for their friends. year. Pressure & Worry 48% of Brits are worried about the cost of Christmas this year 51% Very worried 18% Slightly worried 30% Neutral 28% of women surveyed were worried about the cost of Christmas O Pretty relaxed 17% Very relaxed 7% compared to 44% of men. 45% Feel pressured to spend more money than they can afford at Christmas by influences such as 1/3 people have taken on extra work in the build up to Christmas to help fund it. television adverts and a desire to keep up with family and friends. How far will we go to pay for Christmas? 46% 23% will use some or all of their savings. will use the overdraft facility on their bank account. 11% 10% will borrow money from a will consider a payday loan. friend or relative. Saving money this year 29% of people will make some or all of their gifts this year to save money. Top 10 things people will do to save money this Christmas: 73% will look for deals and vouchers online. 44% will carefully plan meals to minimize food waste. 3 30% won't buy any gifts for their work colleagues. 29% of people will make some or all of their gifts this year to save money. 5 27% are prepared to cut back on alcohol. 23% would consider making a 'no presents pact' with their husband, wife or partner. 23% of parents are prepared to buy joint presents for their children. 18% won't send any Christmas cards. 9. 15% would consider running a Secret Santa gift exchange, so each participant only has to buy one present. 10 8% are prepared to exchange presents for cash or vouchers to spend on essentials in January. 4% of people say they plan to spend nothing at all this Christmas. Merry Christmas SurveyCompare Sources: SurveyCompare surveyed 1,051 people from the United Kingdom for this study.