Nearly half of people ‘concerned about how their family will pay for Christmas’

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two-thirds (66%) of people would rather go without a Christmas gift this year if the gift giver is worried about money, a survey found.

Just over a fifth (21%) said they would encourage people to buy a cheaper gift, according to research from lender Vanquis.

More than seven in 10 (72%) women surveyed said they would rather go without a Christmas present this year if they know the person giving it to them is worried about money, as did six in 10 (60%) men.

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Nearly half (47%) of those surveyed said they are concerned about how their family will pay for Christmas and nearly three-quarters (72%) said they would like fewer or no gifts this year.

However, less than a fifth (18%) of those surveyed would be willing to talk to family and friends about spending and giving less.

Vanquis said it has teamed up with illustrator Whacko Chacko on a series of digital Christmas greetings to help people have conversations about spending less and giving.

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The greetings appear on Vanquis’ social channels on Instagram and Facebook. For every share on the posts, Vanquis said it will donate £1 to the Trussell Trust’s emergency fund to help food banks this winter.

Fiona Anderson, general manager of cards at Vanquis said: “It’s important that people don’t overextend themselves to avoid an unmanageable credit account when it comes to January and beyond.”

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About 2,000 people in the UK were surveyed in October.

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