Christmas is approaching, but continued high prices mean many of us will have to watch our wallets this year. According to surveys, more and more people want to save money on gifts and holiday preparations. How will inflation affect your Christmas? Join the discussion in the comments!
The price increases in stores limit the purchasing desire of Austrians. A third of respondents plan to spend significantly less on gifts, and Christmas dinner is likely to be more modest for many. The budget for gifts for most people is between 100 and 499 euros. But it’s not just donations that are being saved; the willingness to donate also suffers: more than half of those surveyed said they would refrain from donating this year.
How is your Christmas going – will you have to give anything up this year? How much do you plan to spend on gifts? In which places around the festival do you absolutely not want to save money? Share your thoughts with us and the community in the comments!
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
