With its bright lights, cheery music and messages of goodwill, Christmas is meant to feel like the happiest time of the year.
But for some it’s also a time of financial hardship and worry, with even more strain on already stretched purse strings. And this year, the nation’s households are going to be a staggering £3 billion worse off compared with the 2022 festive season. “Sadly the cost of living crisis looks set to have a serious effect on households this year, making it harder for people to feel the Christmas cheer,” explains Adam Bullock, UK director at TopCashback. “It will be very rare that a household will not be affected.” As a result, celebrations for the 2023 holiday season could look very different.
Having experienced money issues in the past, Maddy Alexander-Grout, 40, knows what it’s like to have to scale back the festivities and is buying all of her presents either secondhand or in the sales after experiencing a “bumpy” 12 months. “Ten years ago I was £40,000 in debt,” she says. “It was a really scary time and I began receiving debt collectors letters and I ended up with bailiffs at my door.
I packed up my stuff in the middle of the night and moved back to Southampton where my family lived to start a new chapter. “That Christmas I had to have some very difficult conversations with family and friends as I told them about my situation and that I couldn’t afford to celebrate the way I was used to.” Maddy’s story isn’t unusual, particularly in today’s climate.
Read more on ok.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.