Despite many still feeling the effects of the cost of living crisis, 82% of adults said they supported a charity over the festive period. Top choices this year focuses on causes closer to home – with food banks (28%) and homeless charities (22%) coming top for support.
More broadly looking at festive spending, 42% took on debt in some form to pay for Christmas – up from 36% in 2022, and 31% ten years ago in 2014. Based on previous years research, typically only around 15% clear their festive debts promptly a month or two after Christmas.
A full insight report on consumer finances will be published later in January 2025. Do get in touch for more information.