Orange with Media Services, published on Monday, November 21, 2022 at 8:40 p.m.
Despite inflation, the French are not ready to deprive themselves for Christmas and intend to increase their budget by 35 this year compared to last year to cope with inflation.
The French agree to pay more for their Christmas Eve. According to a CSA Research study for Cofidis, relayed by BFMTV, the average French budget will be 568 euros this year, or 35 euros more than in 2021.
This budget includes gifts, meals, decorations…
The study – “Budget, financial strategies and good plans of the French for Christmas” – underlines a great disparity between the different age groups: 23-34 year olds will spend 420 euros on average, against 725 euros for French people over 65 year.
In detail, 354 euros will be devoted to gifts, 127 for meals, 27 euros for decorations, 23 euros for the evening look, 23 euros for transport.
No meal restrictions
The French will increase the level of expenditure, in order to face inflation. While 53% of respondents say they are worried about the impact of inflation on the holiday season, they will indeed limit spending on clothing (23%), decorations (19%) and gifts (18%).
They are only 5% to agree to cut back on the meal budget. The latter and gifts will be the two main items of expenditure for the French at Christmas. “To fully optimize their holiday budget, the French will not hesitate to anticipate as much as possible and take advantage of promotional offers and loyalty points accumulated with different brands”, notes Cofidis in a press release. They should take advantage of the Black Friday commercial operation this weekend.
* Study carried out from a sample of 1,007 French people formed using the quota method, representative of the French population aged 18 and over, administered online from October 25 to 27, 2022.