is he period of the year with the highest consumption and even as the economic situation worsens there are few who resist spending what is necessary. Gifts, meals, outings, and going out for drinks with friends and family trigger most households’ budgets around these times, and not everyone is in a position to do so.
Until 31% of consumers in the Community of Valencia accepts it tends to borrow a lot buying gifts and food during the holidays. The reason, as they say, is to keep the traditions and keep the family together. understanding this expense as a “duty”. This is reflected in the European Consumer Payments Report by Intrum, which indicates that this rate is higher than recorded. at the national level, because only in the country as a whole 24% it now accepts over-indebtedness, the ratio falling to 16% at European level.
As the company that specializes in recovery points out, this behavior can cause many households to resort to remedies. deferred payments or loans poses a risk to the sustainability of their economies.
In fact, this analysis shows that 22% of respondents in the Community of Valencia expect to owe more than ever At the end of the Christmas celebrations. In this sense, the country average is 24%, which is 3 points above the European average (21%).
And all this in a context 53% of Valencians agree that Christmas is facing a worse financial situation one point more than those who guarantee the same at the national level compared to a year ago.
According to Intrum, the data in the report shows that Spaniards should learn how to best manage their money this Christmas, avoid getting into debt, and get their work done.you shop responsibly. The current economic situation shows this. the importance of saving and to have economic support in the face of any financial contingency.
Therefore, they feel that these dates may be the perfect moment to evaluate and Rethinking the way household finances are managed, leaving behind the mistakes made. It’s a way to start the new year financially healthy and avoid the dreaded January cost.
At the European level, the Greeks were the most accepting of excessive debt at this time with 34% of those consulted, followed by the Irish with 29%. On the contrary, Estonians are the most careful with their spending, and only 6% use excessive credit.