More than three-quarters of customers are planning to reduce their spending on Christmas this year, with the cost-of-living crisis only set to deepen as the year goes on.
More than eight in 10 consumers are planning on further cutting non-discretionary spend this year, with 77% of respondents focusing on shrinking their Christmas spending compared with normal, according to the latest Retail Economics-HyperJar cost-of-living tracker.
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