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

Hottest summer ever

MétéoSuisse has confirmed that summer 2026 was the hottest ever recorded in Switzerland
Vaud celebrates international music star

The Vaud town of Morges is looking back at the February 1988 night that launched Céline Dion's international career
Zurich HB wins another award

Zurich has topped Europe's biggest station ranking for the fifth year in a row
Another controversial vote at end of September

Switzerland is heading for another polarising ballot on 27 September
US tourism from Switzerland slumps

Fewer people in Switzerland want to fly to the United States
Home hunting even more challenging

Finding a home in Switzerland has just become harder still