A new study from the Nottingham Building Society has affected the impact of how much the coronavirus pandemic will spend on Christmas shopping.
Even before the recently announced Tier 4 restrictions in London and the Southeast, 19% of people said they were hoping to spend this Christmas “significantly” more than last year. few. Just 4% expect to spend more, while 43% expect their spending to be the same.
Those planning to spend less than estimated less from the UK’s 52 million population will save more than £4 billion in total compared to last year’s Christmas.
Compared to last year, 49% said they would cut it in terms of how much people expect to spend in the store compared to Christmas this year. Approximately 45% expect store spending to fall by more than 10%, while 14% say it exceeds 50%.
Despite the blow to high street stores, they can usually be seen throughout the quiet month of the year, relying heavily on Christmas trades, but 54% of people have more online than last year He replied that he hopes to spend time online. We expect an increase of over 10%, with 14% expected to spend over 50%.
Of those who are hoping to reduce the overall Christmas this year, 48% don’t feel that it’s “appropriate” to spend too much this year given the ongoing crisis. Approximately 34% said the result was a result of less money to provide more financial support to their loved ones, as the number of people allowed to visit one household is increasing. It’s there.
About 12% say it’s because they’re eating up and they’re not getting much money. Another 7% said they are redundant and can’t afford to spend as much as last year.
Overall, we expect to spend less on meals this Christmas this year compared to last year, with 53% expecting their spending to be the same, and 7% expecting them to spend more. (I didn’t know the rest).
As a result of the current crisis, 62% of people say this Christmas “focus more on their loved ones” rather than buying presents than in the previous year, with 6 out of 10 (60%) “It focuses more on the true meaning of the season of celebration.”
Nottingham senior manager Ben Osgood commented on the findings of the report. “People’s finances are affected by the coronavirus crisis, which, coupled with restrictions on meeting people and going out, means that many will be less celebrating this year’s celebratory season. They were more than last year.
“But our research has put a much bigger focus on the true meaning of Christmas this year, not just how much people spend on presents, but on the people they care about. It shows it.”
