As reported, for a third of participants, organizing Christmas involves sacrifices, and For 12 percent means financial problems
“Poles will spend a quarter more on organizing holidays than last year, this will be on average 1 thousand 441 Polish zlotys per person. The budget increased further for trips (up to 130 zlotys) and gifts (552 zlotys), but also for the purchase of food (499 zlotys),” said a study commissioned by BIG InfoMonitor, which maintains a register of debtors. It was also added that in 2022 the cost was 1,157 PLN per person, and in 2021 – 1,142 PLN.
We will spend more on gifts, trips and food
This year by 28%. The gift budget will increase from PLN 431 to PLN 522. It was reported that “499 PLN will be spent on setting the Christmas table – 17% more than in 2022. Expenditures will also increase in other categories.”
Poles intend to spend PLN 130 on average (67 percent more) on trips, i.e. fuel or tickets. 54% of people want to invest in Christmas trees and decorations this year. Participants plan to spend PLN 74 (an increase of 21%). Cleaning products cost on average 58 PLN (12%). “Other expenses” will cost PLN 128 compared to PLN 109 last year.
Head of BIG InfoMonitor, Sławomir Grzelczak, noted that every year Poles organize holidays more efficiently and wiser in difficult economic conditions.
— In fact, it will be the fourth Christmas Eve, in not particularly favorable circumstances. First, in 2020 and 2021, there were health and financial concerns caused by the pandemic, last year’s holidays passed with war in Ukraine and double-digit inflation, and now we have continued price increases and continued uncertainty about the economy. Grzelczak explains the situation beyond the eastern borders.
He admitted that Poles decided this year to “relax a little, enjoy each other’s company more and tighten their belts less.”
According to BIG InfoMonitor, the percentage of people who… They intend to celebrate Christmas as lavishly as usual, compared to 56%. In 2022 to 64 percent In 2023. At the same time, by 8%. The number of people forced to spend their time more modestly has decreased.
How will Poles finance the holidays?
The vast majority of participants will be able to fund their Christmas shopping from their current income. 16 percent will reach savings. 3 percent compared to 1 percent last year, you will benefit from deferred purchases, especially when choosing gifts. Another 3 percent previously planned major expenses will be postponed, and 2 percent. Participants said they would postpone paying current bills until next month only because Christmas meetings were being organized.
— It is encouraging that to finance holidays only 2.4% of respondents declared that they use credits and loans – Grzelczak noted.
As reported, 12 percent of Poles declare that they do not have the habit of buying gifts for Christmas. 28 percent of respondents intend to limit their gift purchases.
32 percent Poles declared that they would buy most gifts online, with 11 percent – only this way. The percentage of people who buy gifts only in stationary stores is systematically decreasing: From 15 percent in 2021 to 13 percent in 2022, reaching 11 percent in the current study. By far the largest group of people who will buy Christmas gifts in store are participants over the age of 55. 41 percent of them declared that they would buy most or all of their gifts from traditional stores.
BIG InfoMonitor is an economic information bureau that collects and provides information about payment reliability to market participants.
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