Ever wondered how much other people spend on gifts compared to you? Do you feel like the only person who leaves Christmas shopping until the last minute? What about how much your friends and family will spend on birthday parties?
what2buy4kids.co.uk is just as curious as you are – that’s why we’ve broken down the UK’s gift shopping habits.
Britain spends more than Europe on gifts
We found that shoppers will spend more money on gifts for their kids than the rest of Europe. Men generally spend around £347 while women spend £89 more – parting with around £436.
Typically this spend increases around Christmas, where the average adult is expected to part with £280 on gifts for loved ones. Unsurprisingly, there is almost a 50/50 split in those planning ahead and buying gifts last minute – with a shocking 6.7 million people leaving festive shopping to the very last day.
Birthday spending reaches new high
The typical cost of a child’s birthday party in Britain is now around £320 – higher than the United States.
Around 21 per cent of all families will rack up costs by hiring an entertainer, while 19 per cent will splash out on catering, and a further 16 per cent opting for decorations – one of the priciest aspects of a party.
The rest of the budget is then eaten up by venue costs and party bags, further adding to already increasing costs. And while the UK might spend the highest on birthday parties, two thirds of parents believe it’s worth the money.
Mother’s Day, the UK’s second largest consumer holiday
Mother’s Day is now the second largest consumer holiday in Britain. Spending for this cherished holiday reached £510 million last year and is light-years ahead compared to the £310 million spent on Father’s Day.
Surprisingly, most leave Mother’s Day shopping to a week before the holiday arrives according to our research, demonstrating a growing trend of last-minute shopping. With so many deals online nowadays, maybe buying in advance is becoming a thing of the past.
Lisa is the managing director of what2buy4kids. Lisa’s wish is to make your job of finding a gift for the children in your life easier, or help you to take some of the time and frustration out of the search for that special gift for kids.