Majority of households have less to spend during Christmas this year as financial worries mount 

Irish consumers plan to cut back on entertainment and spending on presents, survey finds

According to the consumer sentiment survey, there was a slight reduction in economic worries among consumers but 'household finances remain a pressure point'.

More than half of Irish consumers say they have less money to spend during Christmas this year, with many planning to cut back on entertainment and presents as worries over household finances increase further, the latest Credit Union consumer sentiment survey has found.

This comes as food costs continue to rise and energy providers increase their prices going into the festive period, putting pressure on households.