We're spending less this Christmas

Thursday, 14 December 2023 06:30

The cost-of-living crisis is impacting how much we’re going to spend at Christmas.

A survey by the accounting firm EY suggests the average shopper is going to spend nearly 300 francs less than last year – that’s down a fifth.

Analysts point to higher health insurance premiums, potential rise in rents and general inflation is making the outlook for 2024 gloomy.

Money and vouchers remain very popular gifts, with 37% saying they’re opting for those. Toys are second with 36% and then food at 34%.

Online shopping continues to climb, with 41% using the internet – up from 38% last year.

More from Bitesize News

Voters reject 10m, but accept tougher military rules

Voters have rejected the ‘No to 10 Million’ initiative. But commentators say the strength of the yes vote is still a cause of concern for the government.
More Sunday shopping in Geneva

Geneva voters have narrowly backed two controversial measures.
Voters to make major decisions this weekend

Voters head to the polls this weekend to decide two closely watched national issues.
Moves to toughen juvenile justice

There are moves to toughen up how courts can deal with juvenile offenders, including giving more leeway to treat a young offender as an adult.
New Geneva school already full

A brand-new Geneva school is already full.
Mpox infections on the rise

Health authorities here are reporting a rise in mpox infections this year, mirroring trends seen elsewhere in Europe.