Survey: Public to spend less money this Christmas than in 2014

Despite the much publicised economic recovery the public still plan to spend less on Christmas this year than in 2014, according to the Irish League of Credit Unions.

ILCU’s ‘Christmas Spending Survey’ has found people expect to splash out an average of €563 on the festive period, the lowest anticipated spend since 2012. In 2013, the average expected outlay was €590 and in 2014 it was €600.

When it comes to buying presents for the children, the expected spend has also continued to drop. In 2013, the expected spend on kids’ gifts was €185, a year later it was €180. This year, the survey forecast an average of €167.