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Women more prepared than men to beat credit crunch
13 December 2008
Women are more prepared than men when it comes to beating the credit crunch this christmas.
Of those who use their savings to pay for Christmas, one in three (30%) women admitted to specifically saving for Christmas earlier this year compared to only 15% of men. Only one in four (26%) men have prepared a Christmas gift list, but almost half (48%) of the women surveyed have.
Of those who've changed their shopping habits this year more than two fifths (44%) of women are worried about their finances this Christmas compared to only 23% of men. Almost half of women (47%) plan to spend less on presents this year, compared to 30% of men. Over half (53%) of women who plan to spend less will do so by cutting back and buying less gifts this year, however, men who have changed their spending habits are the better bargain hunters as 75% admitted they will be changing their habits by taking advantage of the pre Christmas sales.
Research undertaken by GfK NOP on behalf of Halifax. A representative sample of 1,001 adults were surveyed in November 2008.
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