Spending time with family and loved ones is the most important aspect of Christmas, research from Ferratum Group, a global provider of mobile financial services, today reveals.
According to the Ferratum Winter Barometer 2019, nearly two-third of respondents (64%) say that spending time with family and loved ones is the most important part of the festive holidays. This is followed by enjoying the Christmas feast (20%) and receiving Christmas gifts (7%).
In the UK, 61% of households say that spending time with family and loved ones is their favourite Christmas activity, followed by the Christmas meal (23%). Fewer than one in ten Britons (9%) say that receiving gifts is the best part of Christmas. The Ferratum Winter Barometer 2019 surveyed 31,000 households across 14 countries.
Commenting on the findings, Tony Gundersen, Ferratum UK Country Manager, said: “It’s encouraging to see that spending time with loved ones and family is so high on people’s agendas over the festive period. It’s also a bit of a surprise to see that receiving gifts is a priority for just 9% of the UK population, with twice as many people saying they get more enjoyment out of the Christmas meal.”
The Ferratum Winter Barometer 2019 also revealed that:
- The Dutch spend the smallest proportion of their disposable income on Christmas shopping, at just 9%.
- UK households spend 20% of their disposable income on Christmas, compared to 36% in Poland and 91% in Brazil.
- Twelve of the 14 countries surveyed spend the greatest amount on clothing and shopping during Christmas. The only exceptions are Latvia, where attending sport events is seen as the biggest expense, and Poland, where sweets take the top spot.