Credit, Collections & Insolvency News
Data from Vanquis’ Financial Wellbeing Index found that one in five households earning under £40,000 had planned to cut back on Christmas spending in 2025. Across all households, the Index revealed that people were most likely to trim back on treats like eating out and parties while doing their best to protect essentials such as…
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Households are planning to spend significantly less this Christmas, as the impact of recent Budget announcements prompts millions to tighten their belts, according to new research from Yorkshire Building Society. Planned festive spending now averages £596 per household, down from £774 last year. The number of people planning to spend over £1,000 has plummeted from 51%…
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Almost half of parents (46%) say they’ll prioritise their children’s Christmas experience over every other area of household spending this year, according to new research from Thinkmoney. After another year of rising prices and stretched budgets, many families are determined to keep the festive magic alive, even if that means cutting back elsewhere. Nearly a…
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New figures from Opinium for Hargreaves Lansdown has predicted that consumers will spend an average of £611 on Christmas this year. An increase from £569 last year and £576 a year earlier. The research found that one in seven people (14%) will spend more than £1,000. The data showed that men spend more than women (£644 compared…
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New research from Go.Compare has found that financial worries are affecting how consumers are planning for the festive holiday, with over a third (35%) saying they’ve made the tough decision to cut their Christmas budget this year. The research found that 37% admitted they will have to be very careful with money this year. A…
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Latest research from the Financial Conduct Authority (FCA) has found almost half of UK adults (47%) feel pressured to spend above their means during Christmas to provide for loved ones, rising to almost two-thirds (64%) for those with children under 18. Two in five (40%) UK adults, and over half of those (52%) with children…
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Almost three in ten consumers plan to spend less in the festive period this year than last year, reflecting the impact of the ongoing cost-of-living crisis according to research by Deloitte. The data also shows a rise in the number of UK consumers who intend to spend more in the last three months of 2023,…
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