A typical household spends nearly £2500 every month on bills, but with Christmas prep in full swing, it’s estimated in December it will increase by £740 more, which is an extra 29%.
It’s no surprise December is an expensive month, but with the cost of living crisis continuing to grip the nation, this festive season might be a tough one for many. With rising energy bills and food shops costing a lot more, shoppers are looking to make cuts where they can. People will also spend more this year partly due to the ease in inflation.
How Much Did the UK Spend on Christmas in 2023?
In 2023, the average UK household spent £1,811.70 on Christmas. This is 80% of the average monthly income in the UK.
How Much is The UK Expected to Spend in 2024?
This year, British people are expected to spend £46.4 billion on gifts, food, travel and socialising. That works out to £923 per person.
How Much Has The UK Spent On Gifts in Previous Years?
Year Projected total UK spend on gifts
2024: £28.6 billion
2023: £27.6 billion
2022: £20.1 billion
2021: £25.6 billion
2020: £24.3 billion
After spending dropped in 2022 during the cost of living crisis, it’s been steadily increasing for 2 years in a row.
Get Free, Confidential, No-Obligation Debt Advice
Get debt advice before Christmas so you can go into 2025 with a plan for your money and debts.
Free*, confidential, no-obligation debt advice is always available at Angel Advance. Contact us to speak to one of our friendly and knowledgeable debt advisers who can give you advice and support on how to deal with debt, in order to help you decide on the best debt solution for you.
If all you need is some debt advice, there is no risk to receiving this as a standalone solution, as it won’t affect your credit score. The Angel Advance Online Debt Advice (ODA) tool is available to use at any time, day or night.
Our free and easy-to-use online tool will help you weigh up the debt solutions available to you and give you the best recommendations for your unique situation on-screen, instantly.
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