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

Your pictures of the eclipse

You sent in your pictures of the eclipse - many thanks
Copernicus reports hottest summer ever measured

Switzerland is in the grip of a level 3 heat alert, with Geneva heading for temperatures of up to 36°C on Friday.
Tough new banking rules possible

The Federal Council has launched consultations on new banking rules that could withhold or claw back bonuses from top banking executives.
Speed crackdown affects all of Switzerland

The Federal Council has tightened the rules for imposing 30 km/h zones on city streets, requiring cantons to prove that a slowdown will not push traffic into residential neighbourhoods
Back to school concern over heat

Vaud is preparing to map every school building in the canton to identify the classrooms most vulnerable to extreme heat
Eye warning for eclipse watchers

Anyone who watched Wednesday's solar eclipse without proper glasses should watch for signs of retinal damage, doctors are warning