Credit, Collections & Insolvency News
More than six in ten (62%) parents believe a traditional Christmas is under threat due to the cost of living, with four in ten (40%) having to prioritise essential bills over festive spending, new research from Nationwide reveals. The poll of over 1,000 parents, done in partnership with charity Action for Children, also reveals that 42…
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Rising costs are reshaping Christmas traditions, with a quarter of people (24%) now believing you should be able to charge guests for Christmas dinner, an emerging trend dubbed the Pay Per Plate Christmas. Among 18 to 24 year olds, 42% say hosts should be allowed to charge, compared to 36% of 25 to 44 year…
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Around one in three consumers (30%) in the UK are planning to spend more this Christmas compared with last year, according to new Deloitte research. This is higher than the rest of Europe, where less than a quarter (23%) plan to spend more. In the UK, younger consumers aged 18-34 are nearly twice as likely…
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New research from financial wellbeing business Loqboxr has revealed a major shift in how families are approaching Christmas this year, with four in ten planning to buy fewer gifts and a quarter saying the season has become ‘too materialistic.’ Rather than these changes taking the shine off the season, this shift shows families are choosing…
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New YouGov polling by StepChange Debt Charity reveals more than one in four adults (27%), equivalent to around 14.3 million people, will struggle to afford Christmas this year, which rises to almost one in three (31%) among parents with children at home. With the cost of living still stubbornly high and millions struggling to make…
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New research by Thinkmoney has revealed that the average household is set to spend £787 on the festive season an increase of £87 on last year. Despite spending more, many feel they are getting less, and some would rather skip the holiday altogether: almost a third of people (30%) say they would cancel or delay…
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A third (34%) of single parents have missed paying a household bill to cover the cost of Christmas according to research debt counselling service Money Wellness, More than 50% of single parents with three or more children said being alone made it harder for them to afford the festive period. One in ten said they…
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