Business · Economy · 1 day ago

UK households expect Christmas to cost an average of £1,502

UK households expect Christmas to cost an average of £1,502

UK households surveyed expect to spend an average of £1,502 on Christmas this year.

That includes gifts, Christmas dinner, snacks and other festive costs.

The expected total is about £400, or 29%, higher than respondents said they spent last Christmas.

The increase comes as food, energy and housing bills have risen.

Four in five adults surveyed said they were worried about affording a decent festive period.

More than a third said they plan to use debt, such as credit cards or loans, or borrow money to pay for Christmas.

Just 22% said they had saved during the year for the holiday.

The figures come from a study of 2,000 people for Christmas savings club Park.

Sources

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