Czechs are the most likely to buy cosmetics and books as Christmas gifts this year. Credit: Freepik.
Prague, Nov 20 (CTK) — Some 57% of Czechs plan to spend less money on Christmas gifts this year than last, and seven out of ten will cover their purchases with their normal salary, according to a survey conducted by the STEM/MARK agency for Home Credit with more than 500 respondents, communicated to CTK.
Czechs are the most likely to buy cosmetics and books as Christmas gifts this year.
The survey shows that 15% of respondents will wait for the sales after Christmas and 10% will not buy any Christmas gifts due to rising prices and the bad economic situation.
Last year, 40% of people decided to save and spend less on Christmas gifts, and 4% did not buy any at all.
This year’s pre-Christmas survey shows that people are more fearful, and that’s why they plan to tighten their belts during Christmas.
43% of respondents will have CZK 5,000 for all Christmas gifts and 30% will spend up to CZK 10,000, according to the survey.
While two years ago 34% of respondents were buying electronics for their loved ones, this year only 16% intend to do so. Czechs traditionally prefer cosmetics, followed by books and small Christmas gifts.
The types of gifts planned for this Christmas also reflect the current situation as they are rather cheaper products.
The Czechs have become accustomed to e-shops and have no intention of changing this habit. The proportion of those who prefer e-shops and physical stores has not changed. There is still a significant minority of people (12.5%), mostly older and middle-aged, who say they will only go to traditional brick-and-mortar stores.
“A general rule is not to go into debt for the purchase of Christmas presents. Gifts belong to the category of non-essential things, so it is better to save and adapt to the current financial situation, establish the budget for the total purchase in advance and keep it,” said Miroslav Zborovsky, the ombudsman for Home Credit customers.
https://brnodaily.com/2022/11/20/news/most-czechs-plan-to-spend-less-on-christmas-presents-according-to-survey/https://brnodaily.com/wp-content/uploads/2022/11/closeup-red-gift-boxes-near-christmas-tree-credit-freepik-1024×683.jpghttps://brnodaily.com/wp-content/uploads/2022/11/closeup-red-gift-boxes-near-christmas-tree-credit-freepik-150×100.jpgCzech Republic / WorldChristmas,Czech Republic,Economy,ShoppingCzechs are the most likely to buy cosmetics and books as Christmas gifts this year. Credit: Freepik. Prague, November 20 (CTK) – Some 57% of Czechs plan to spend less money on Christmas gifts this year than last, and seven out of ten will cover their purchases with their normal salary,…Czech News AgencyCzech
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