Consumers have more money - but christmas presents are not greater

Adults expect to spend a little more than 3000 dollars on christmas gifts. It is on a par with last year. Even though 2019 has welcomed progress in the Danish

Consumers have more money - but christmas presents are not greater

Adults expect to spend a little more than 3000 dollars on christmas gifts. It is on a par with last year.

Even though 2019 has welcomed progress in the Danish economy with more jobs, more in lønposen and falling interest rates on the mortgage loans is not put up to the bigger packages under the christmas tree.

It shows a survey conducted among about 2000 danes, who YouGov have made for the Danish Bank.

Three out of four expect to spend as much money as last year. On average, expect every adult dane again to spend about 3000 dollars on christmas gifts this year.

- the Danes have, in general, been relatively restrained in the consumption of the past year, although it rises a little bit in general, says Louise Aggerstrøm Hansen, who is privatøkonom in Danske Bank.

- It is not something that will rumble on, and therefore see people at christmas, with a relatively moderate glasses, she says.

Louise Aggerstrøm Hansen points out that people tend to overestimate how expensive christmas is for them.

- I think that many have difficult to assess how much they spend more than on a normal month.

- You forget, perhaps, that even if you do spend money on gifts, so the user typically fewer money on themselves.

- This is corresponding with the food - even though it feels as if you spend a lot of money on christmas food, you must keep in mind that no matter what was to have something to eat, Louise says Aggerstrøm Hansen.

the Survey also shows that the vast majority have saved for consumption during christmas or the use of the salary. Nine out of ten have never borrowed money for christmas gifts.

- most have it bad with finance julegavekøb loans. But there is a tendency for young people a little more often, lending money.

- We can also see that december is the month in which there are recorded the most payday loans, says Louise Aggerstrøm Hansen.

The past year, there has been increasing focus on the climate, which was also a theme in the election campaign, but it strikes according to the study, not through in earnest in julegavekøbene.

Seven percent say that climate considerations in high or very high level of play into the purchases, while 37 percent do not have it in mind.

- For most fills climate considerations not tremendously much, but we can see that women and young people think more about climate considerations. So looking forward, it will perhaps get more in focus when the young get older, says Louise Aggerstrøm Hansen.

/ritzau/

Updated Date: 07 December 2019, 05:00

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