Spending less this Christmas

Image of Teresa May at the Fifth Eastern Partnership Summit. Credit: Drop of Light/Shutterstock

A SURVEY revealed that one in three Spaniards expect to spend less money this Christmas than last year and half expect to spend the same.

The survey by the Consumers and Users Confederation reported that just 16 per cent of people questioned foresaw spending more than last year.

The main reason given by people who want to spend less was financial difficulties due to reduced income or unemployment, although it was only given by 38 per cent of people questioned compared to 51 per cent in 2013.

Therefore, although a third intend spending less this year, the survey shows signs of a slight improvement in families’ financial situations.

Regarding amounts, the majority expected to spend less than €500 yet 30 per cent foresaw spending between €500 and €1,000 and 15 per cent said they would spend more than €1,500.

 

 

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