Millions of cash-strapped Brits are planning to slash Christmas present spending this year by giving Secret Santa gifts to family members instead of buying for everyone. Secret Santa - where people draw lots to anonymously buy a gift for one member of a group - is common among work colleagues.
More than a third of families (36%) have taken part in Secret Santa gifting with their families in the past. But as the cost-of-living crisis bites harder and the country faces a lengthy recession, more than half of all adults (55%) say they are considering a family Secret Santa, and two in three (67%) would feel better about their finances if they only had to buy for one person.
The research, conducted by flexible pop-up space operator Sook, found that when it comes to spending on the immediate family, the average figure was £51.70. This was a lot higher between 18 to 24-year-olds who planned on spending an average of £79.84; and for those in the 55+ age group, it was significantly lower at £27.90.
