It is believed that the holiday season is one of the times when the French spend the most. At the end of a year marked by high inflation, however, the French should be more careful with their budgets. This is highlighted in the Ifop survey conducted for the Voyage Way website, which was published on November 24.
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Affected by rising prices in general and energy in particular, the French now consider Christmas a difficult time, changing their habits. 51% of them in total “Received from the financial burden of Christmas gifts.” the proportion increased by 12 points in two years. A much more important criterion for women (59%) than for men (42%).
If the current period is favorable for shopping on December 25, the share of French people who intend to make gifts decreases. And this regardless of the recipients. 82% of respondents plan to offer gifts. 8 points drop compared to the last wave. Therefore, 18% do not intend to do so. In detail, this also affects gifts for a family member (22%, +8 points), spouse (43%, +9 points) or a friend (62%), +6 points.
If it’s the intention that counts, as they say, most French people find solutions to ensure they don’t arrive empty-handed on New Year’s Eve. Consequently, 64% of respondents (+8 points) will buy cheaper gifts, 56% plan to buy less (+5 points), and 53% will offer gifts to fewer people.
If the expenses have multiplied this year, the average Christmas budget does not melt. In general, the latter will amount to 386 euros, which is 5.4% less compared to the previous year, which was 408 euros. Furthermore, the inflationary context will have a significant impact on French spending on celebrations or entertainment. 83% will cut the non-food budget (decoration, outfit, etc.), 73% will cut gifts, and 71% will cut holiday meals. 83% of the respondents should also reduce the frequency of dining out, 81% at end-of-the-year cultural events. Christmas, then, under restrictions.
Source: Le Figaro
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.