Average Hungarian spends 127 euros at Christmas

Hungarians on average will spend 40,000 forints (127 euros) on Christmas this year, a survey by NRC market research shows.

The survey, conducted for CIB Bank, also indicates that more than half of the population will have no more than 25,000 forints for the same purpose, while only 13 percent of all respondents will spend 75,000 forints or more.

Three quarters of respondents said they would buy Christmas gifts from their last month’s wages, and 22 percent would use their deposits. Four percent said they would take out a loan of an average 25,000 forints.

The survey also shows that Christmas is still a family-oriented holiday: nearly 90 percent said that they would spend the holidays at home with their families.

Source: MTI