Wednesday, December 17, 2008

UK: Christmas is being reused

Millions of Britons are reversing the old adage “waste not, want not” this festive season. Unwanted gifts from Christmases past won’t be wasted – they will be reused as this year’s presents.

A new survey from CreditExpert, reveals that no less than 18 million adults say they are going to pass on items given to them last Christmas or birthday – or even earlier – to help make ends meet at a difficult time for personal finances.

Anything from DVDs and CDs to perfume, toiletries, board games and traditional socks and hankies will be forwarded to unsuspecting friends and relatives by 39% of the UK’s adults – up by 16% on last year’s figure.

The Welsh and the Northern Irish, at 48-46% of adults respectively, are leading the move to reuse presents but even in the South East – the least likely to give away what has already been given – a third are going to join in.

There is a strong gender divide when it comes to recycled presents, with 46% of women saying that they will rewrap gifts and pass them on, against 33% of men.

Reusing is being seen as a good option in bad financial times, with 45% admitting that they are concerned about how much extra Christmas will affect their finances. No less than 57% in Northern Ireland share this worry, with even 39%in the West Midlands – the least worried region – also expressing anxiety. Among age groups, young 18 to 24-year-olds are the most worried (55%) and empty nester 55 to 64-year-olds the least (30%).

Source: CreditExpert

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