In December, we spend £446,000 every minute of every day on presents alone as a country.
Families with children under the age of 18 will spend from £1,000 to more than £2,700 at Christmas, with gifts making up the vast majority.
Families without dependent children spend less than half that amount.
57% of us will go overboard –overspending £152.70 on average
We spend of £106 getting ready for and attending Christmas parties
£76 is spent on buying a Christmas tree, festive decoration, panto tickets and other seasonal experiences
54% of us will foot the bill for the festivities from their income; 28% from savings and 10% will rely on credit cards.
Some historical comparisons:
When the original Star Wars film was released more than 30 years ago, the Millennium Falcon was £20. After The Rise of Skywalker in 2019, it costs around £75.
In 1972 an orange cost £1.02 and in 2006 – £0.29
In 1975 Christmas Dinner cost £54.94 and 2015 – £37.37
In 1977 a 6ft Christmas tree cost £208 and In 2015 – £24.99
In December, we spend £446,000 every minute of every day on presents alone as a country.