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
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.
As a charity, it takes a lot of effort to keep DAD.info up-to-date and relevant.If you feel that we've helped you in some small way please consider texting DAD10 followed by a donation amount of either £5 or £10 to 70070*
*Your donation via text may be eligible for Gift Aid. You may be contacted on the mobile number you used to give you the opportunity to add Gift Aid to your donation. If you are sent a link to a page to submit your details, as with any mobile browsing, you may incur charges from your network provider when visiting that page. If you are asked to text those details, then a standard network message charge (based on your service provider rates) will be incurred.