Large majority of readers think people spend far too much at Christmas
People will spend almost two weeks’ salary over Christmas on average, according to a survey by Nationwide Building Society.
Research by the building society found that on average of £727 will be spent on presents, preparations and celebrations. One in 12 people plan to spend more than £800 on Christmas gifts for family and on average, people expect to splurge £363 on gifts for relatives.
So in our Facebook poll we asked readers: “Do you think people spend too much money over the festive period?” At the time of writing 350 people had voted with 78% saying yes and just 22% no.
Mick Palmer said: “Two months for some, two days for others. Each to their own.”
Michael Jones said: “Who cares? While it Is still their money to spend, pretty sure they can do what they want with it.”
Kev Smith thinks: “On food probably people spend too much. I’d love to know how much food gets wasted over Christmas.”
Richard Abbott-Brailey said: “If they have earned the money and don’t fall into massive debt, it’s up to the individual how they spend their money. Might want to donate some to those less fortunate though.”
Tracey Connolly’s thoughts were: “Not bothered what people want to spend their money on. It’s their choice.”
Tonie Klingström said: “People spend money on Christmas and then don’t have money in the middle of January, with a long time until payday.”