making ends meet
The findings of a survey conducted by Broker Execution Ltd has revealed that Britons expect to spend less on presents this Christmas than they did last year, with fears of unemployment, higher taxes and utilities and recovery from the recession among the many worries high on the agenda for the general public.
The survey which was conducted at the end of October says that on average consumers will pay out £358 on presents alone this Christmas, showing a fall of 4% on figures from this time last year.
Around half of those surveyed expected to spend much the same as last year, 40% said they would spend less than last year and 10% say they will be spending a lot less.
The survey concludes that while the fears of extra taxes and unemployment continue to be a real risk, more of us are concerned with cutting back spending, increasing savings and reducing debt during these hard times.
There are still many families struggling in the UK with a mountain of debt and Christmas for them will be a time of further hardship. There are now plenty of companies offering credit counselling which could reduce the heartache and help get back on track financially.
Source: Reuters
0 comments so far
There are no comments for this post yet. Why not be the first by filling out the form below.