Fully agree with you, but the tidal wave of consumerism is almost a Tsuami at Christmas with adverts clamouring for your cash. I pity those with young children of an imprssionable age. I am a 'bah humbug 'that only ever borrowed money for a mortage, and paid it off well before the end of the term.

No one sems capable of enjoyying themselves without spending money nowadays. I would bring back rationing as it was in the early fifties , that would sort it fast.

Morning all. Hope everyone is well.

Cheery thought this, for a Monday morning, but our latest spot of research shows that almost 10m of us will be pushed into - or further into - debt by our spending this Christmas. Just over half have saved enough to cover spending.

Overall, for those going further into debt...

69% said they will resort to spending on a credit card;

23% plan to use their overdraft; and

9% plan to take out a loan to tide them over.

Is it time we got to grips with this Christmas spending madness? Or do I need to get a little Christmas cheer? Bah humbug!

:-)

Graeme
Community Manager
graeme.delap@moneysupermarket.com