To a lot of people Christmas is the perfect opportunity to get together with family, friends and loved-ones, spend time with each other and share the act of gift giving. In 2013, we spent a total of £72.7 billion, and this Christmas the figure is likely to increase to £88 billion. Our seasonal infographic shows what the true cost of Christmas 2014 is expected to be. Just over one-fifth of the total Christmas spend is used to buy food and drink for the holiday season, with an average of £161 being spent on the traditional Christmas dinner of turkey and ‘all the trimmings’. Travel over the season accounts for 8%, and the final 3% on festive decorations. The graphic reveals more than half of the money we spend over Christmas (67%) to be on presents. Top gifts for children are games consoles, cuddly toys and the perennial favourite; board games. Perfume, handbags and jewellery prove ever-popular presents for ladies, and gents can expect techie gifts such as gaming consoles and tablets, along with watches and of course aftershave, in their stockings this year!
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