Electronics, cars, money and jewellery – that’s what people are most likely to want for Christmas 2016, according to ING’s annual festive report.
The ING International Survey special report – Christmas 2016 asked 13,576 people in Europe, the USA and Australia about festive finances and gift-giving. Two in five (40%) across Europe agree Christmas is the one time of year they allow themselves to spend, regardless of their financial situation.
But we find that although most people manage their Christmas budgets well, one in 10 say they fell into debt after paying for 2015’s festivities. The survey also finds that some (42%) can feel forced to spend money at Christmas, with 70% in Europe agreeing the annual festival has become too focused on spending.
Presents of mind?
A proportion of this spending is wasted. One in seven (15%) in Europe say they received at least one gift they did not want, appreciate or could not use. Another eight percent say they cannot remember, just 10 months later, how they felt about their presents.
We find that the least popular gifts in 2015 were perfume, cosmetics, ornaments and clothing. It might be best to stay away from these choices this Christmas. About half of those who receive these unwanted presents may keep them anyway – but this is a reflection, perhaps, of the cultural meaning of Christmas gift-giving for both giver and receiver.
There are differences between the 14 countries surveyed – read the full report.
Want articles delivered straight to your inbox? Subscribe to our newsletter here.
1 2 3 4 5 6 7
This article is related to the ING International Survey: