From watching the lights turn on in your local town centre to tucking into a roast dinner, there’s nothing quite like a white Christmas in the UK. Being such a celebrated time of year, 1 in 10 Brits begin their Christmas shopping as early as July. We did some research to find out how much Brits are spending on gifts over this holiday season (2019).
According to our research an average British adult will fork out £512.85 on gifts over the Christmas period. This means that overall the UK is planning to spend £26.9 billion on festive gifts this year. However, 3 in 5 (60%) are planning to reduce spending on presents in a range of ways while 21.70% take out a loan to fund their Christmas shopping.
Setting a price limit with family and friends is the most popular method, with 2 in 5 (39%) intending to do this. 1 in 7 (15%) Brits are giving experience gifts like picnics or massages to reduce costs while 13% of Brits say they will make gifts to cut costs.
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Secret Santa instead of buying gifts for multiple people
Buy second hand gifts
Giving a less expensive or free experience as a gift (e.g, massage, picnic)
Waiting until after Christmas (Boxing Day sales, etc.) to do your Christmas shopping
N/A - I don't plan to cut costs this Christmas
I don't know / N/A - I don't typically buy Christmas presents
Men are planning to spend £102.73 more on presents than women (£566.02 vs £463.29). It is likely that women are spending less because two-thirds (67%) are planning to cut costs. This is substantially more than the number of men (54%) that intend to reduce their spending on gifts.
Generation X (those born 1965–1980) is planning to spend £636 on average on festive gifts. This is higher than any other generation. At the other end of the scale is generation Z (those born after 1996), which intends to part with £212.16 each.
Gen Z is planning to be the most savvy with money over Christmas, with over three-quarters (77%) saying they plan to cut costs on presents. On the other hand, only around a third (30%) of the silent generation (those born 1928–1945) are planning to reduce how much they spend on gifts.
“It is interesting to see so many of us are thinking about how we can make our money go further or focus on experiences this Christmas. It can be a great feeling to give or receive a present, but it doesn’t need to break the bank. You will need to think about what your family and friends will value, but why not consider doing something really meaningful like learning to cook a new dish, making something or planning a day out somewhere. These could last longer in the memory than a product.”
– Jon Ostler, UK CEO at finder.com
Finder.com commissioned Onepoll on 29 November to 5 December 2019 to carry out a nationally representative survey of adults aged 18+.
A total of 2,000 people were questioned throughout Great Britain, with representative quotas for gender, age and region.
Jon Ostler, CEO (UK) at finder.com is available for further comment, opinions or interview regarding the research.
For all media enquiries, please contact
Matt Mckenna UK communications manager T: +44 20 3828 1338
Georgia-Rose is a publisher at Finder.com and specialises in all things shopping and travel. She has years of experience working in retail and tourism and as an avid budget traveller, she loves helping people find the best deals on everything from plane tickets to sunglasses.
When she's not jetting off somewhere new you'll find her watching cake videos or befriending stray cats.
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