money: November 2011 Archives

275x250.jpg People will spend less money this Christmas than any other for the last five years, it has been found.

Research into spending habits discovered Christmas 2011 is set to be the most low-budget since 2007.

57% of the 1,462 people polled also said they do not feel prepared financially for the festive season.

And after feeling the pinch due to the recent economic downturn, the majority of people say they will be spending less than recent years.

Asked to estimate how much Christmas will cost them £692.18 was the average; just over half of the average amount spent in 2007.




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