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Halifax report reveals Christmas spending trend in the UK

A research from Halifax Credit Cards has showed that the average Christmas shopper in the UK spend GBP384 on Christmas presents.

The research has reveled that those aged 35-44 years old are likely to spend the most with an average present bill of GBP570. The average Christmas shopper buys 18 presents. Most of the shoppers spend on children and one in ten starts Christmas shopping in September.

The Halifax Credit Cards’ research also revealed that on average women spend GBP412 on presents, where as men spend GBP56 less with an average of GBP355. Women typically buy 22 presents for Christmas whereas men buy 15. When asked what the largest amount we had ever spent on a single item was, on average, we admitted to purchases of GBP250. However, almost one in twenty of us have spent over GBP1,000.

Men are more likely to have spent more on an item with an average spend of GBP299 on a single present, this compares to GBP204 for women. The citizens in the North spend more on presents than any other region of the UK. On average, adults in the North spend GBP628 on presents. This compares to GBP242 for those in Anglia and GBP300 for the South East.

Ken Stannard, head of Halifax Credit Cards, said: Our research shows shoppers could be paying too much interest on their Christmas purchases. Offering customers our longest ever deal on purchases, savvy shoppers can spread the cost of their purchases and not pay any interest till 2009 – leaving them free to enjoy the festivities.