Irish Adults to Spend Higher than Last Year on Christmas

.

Irish Adults to Spend Higher than Last Year on Christmas

This morning, the Irish League of Credit Unions has come up with the results of its new survey, which say that consumers would this year spend less on Christmas as compared to last year.

It is being said by the group that only Irish adults are expected to spend above 500 before anyone could take down the tree. They will spend 527 on Christmas on an average. However in the year 2011, the spending by them was noted at 562.

As per the findings, 58% of all Irish adults have claimed that the festival is going to be enjoyable. On the other hand, eight in every 10 Irish adults have been found feeling bad and gloomy about their financial situation in the current year.

Further, the impact of recession in the North Pole was also examined by the researchers. The same has hinted that Santa Claus would this year spend 170 on an average on presents for Irish children. At the same time, almost 56% of consumers are being hoped to face a deficit in spending on Christmas.

"People needed to remember that Christmas really is about giving . . . not robbing the family finances", said the credit union league's Mandy Johnston.


Latest News

Google reportedly working on an affordable sub-$100 Nexus-branded handset
OpenSSL Software Foundation run by only a handful of volunteers
First vehicle in Land Rover’s new SUV line will be called Discovery Sport
Yahoo updates its Flicker iOS and Android app to version 3.0
Researchers Clone Stem Cells From Human Adults
Victorians donate $16.8 million to Good Friday Appeal
Impact of childhood bullying remains after 40 years
This will keep you happy
Bigwig German media firm Axel Springer’s CEO criticizes Google in open letter
Google launches e-mail notifications for Google Trends service
Groundbreaking operation experienced by Vicky the orangutan
Sleep positions say a lot about your relationship