Three in 10 expect to be in debt after Christmas, study finds

Three in 10 British adults expect to be in debt after Christmas, research has revealed


A nationwide poll commissioned by BBC1's Watchdog showed that spending over the festive season will push close to a third of adults (29%) into debt.

The debt is most likely to be between £1 and £250.

Of those surveyed, younger adults are more likely to expect to be in debt after the Christmas period.

At least a third of British adults aged 18 to 54 said they think they will be in debt, compared with 20% of those aged 55 to 64 and 13% aged 65 and above.

The nationwide poll by ComRes also investigated consumers' food shopping habits during the festive period.

About 78% of adults said taste would be among the three most important factors when deciding what food to buy for a party, while 77% said price.

The appearance of the food would also be an important factor

.Research has revealed that three in 10 British adults expect to be in debt after Christmas. Image: PRESS ASSOCIATION

ComRes also carried out a winter savings poll which showed that 30% of participants were worried about the cost of Christmas this year.

More than two in five (42%) adults said they were concerned about the cost of gas or electricity bills, and a third were worried about the cost of food.

Watchdog presenter Steph McGovern said: "Everyone wants to make the most of the festive period but it can be a real financial strain for some.

"By highlighting ways to save on costs we want to help people enjoy the festive cheer without the debt hangover."

:: The final episode of Watchdog airs at 8pm on Wednesday on BBC1.

Hide comments (0)


  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Saturday, 11 July 2020

PLEASE NOTE: If you have a specific question for or for other dads, please post it on our Forum.

We may use your email address to respond to you about your comment. View our Privacy Policy for more details.