Last year, a survey showed that nearly one in seven people were worrying about money in the run up to Christmas. Of those people who took part in the survey, 37% were planning to fund the cost of Christmas with the use of credit. This figure signified an increase in the number of people turning to credit for Christmas costs, on 2016*.
The findings showed that:
- Nearly four in 10 Britons (37 percent) were putting Christmas presents on credit. This was an increase on the previous year.
- Nearly a quarter of British adults (24 percent) put their Christmas food on credit. This was also an increase on the previous year.
The research, based on a poll of more than 2,000 British adults conducted online by YouGov, also found that more people were experiencing worry, stress and sleepless nights this Christmas than in previous years.
If you are worried about your finances in the run up to Christmas, the first step is to discuss your situation to understand the steps that you need to take in order to get back on track and feel better.
Dunion & Co. offer a free initial consultation: no jargon, no pressure and absolutely no obligation.
Call 01782 828 733 or email to email@example.com, for more information.
* figures taken from the Money Advice Trust.