Poles to cut Christmas spending by 29 pct - poll

Money spent on gifts will edge down by just 8 percent. Andrzej Grygiel/PAP

Poles are planning to slash spending on Christmas by as much as 29 percent this year, according to a new international survey, as pandemic restrictions cut into the festive fun.

The global accounting firm Deloitte predicts on average Poles will spend PLN 1,318 (EUR 295) on gifts, food, travel and family meetings this year, down 29 percent on the previous year, reported in its international survey.

Travel will take the biggest hit with the planned expenditure down 70 percent on the previous year. Expenditures on entertainment will suffer a 43 percent decline while those on food and beverages will see a drop of 33 percent.

However, money spent on gifts will edge down by just 8 percent.

Most Poles, 62 percent, put the coronavirus pandemic as the main reason behind their reduced spending but an almost equal proportion, 60 percent, point to the unstable economic situation, whereas 53 percent explain their decisions are based on the rising costs of living.

Citizens of other European countries are planning even bigger cuts of up to 43 percent. Spaniards want to spend the most on Christmas, above EUR 350, while the Dutch are the most frugal, with planned spending at just above EUR 200.

Deloitte carried out its online survey in Germany, Italy, Poland, Spain and the Netherlands on October 29 - November 4, on a sample of close to 5,000 respondents aged 18-65.