Cash strapped consumers putting Christmas on hold

Christmas will be put on hold for many this year as cash-strapped consumers wait to buy gifts in the January sales, says new research from uSwitch.com

In a bid to cut the cost of the festive season, 26% of Brits are considering giving loved ones an IOU this year.  Almost four in ten are resorting to IOUs because they cannot afford presents this year and one in ten are doing so because they can’t afford presents unless they’re in the sale.

However, it’s not all about juggling the family finances, almost a fifth of those giving an IOU are doing so because they think they’ll be able to afford a bigger and better gift in the sales.

 

Source: uSwitch.com

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