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

Fourth Corner Credit Union’s Bid for Permission to go Into Business Rejected
Nebraska Gov. Ricketts and Lt. Gov. Foley to Traveling to Japan in Trade Mission
Fennica , the Icebreaker Leaves for Arctic Waters as Portland Police Remove Prot
PPIC’s Poll Reveals Californians Divided in Opinion on Climate Change Impacting
Chairman Says the Boeing Company May have to Move Some Operations Overseas if Ex
Facebook Second Quarter Earnings Surpass Analysts’ Expectations but Growing Expe
Overcharging Scandal Takes a Toll on Whole Foods Earnings
Yelp Trims Third Quarter Earnings Forecast Also Announces Departure of Its Chair
Solvay, the Belgian Chemical Group to Acquire U.S. Cytec for $5.5 billion
Reports Say Amazon Suggests Dividing Airspace into Zones for Delivery Drones
Federal Reserve Expected to Stay Focused on Rate Hike Plan in September
Oil Prices Drop Near Four-Month Low as Supply Glut and Chinese Economy Increases