Nationwide predicts more than 260m transactions across November leading up to Black Friday and Cyber Monday, as consumers expected to spend £123 on average
38% of consumers do not plan to buy anything in the sales as they curb spending
Younger consumers aged 25-34 are expected to spend the most across Black Friday, around £255 per person
Surprising items at the top of wish-lists include vinyl record players, F1 merchandise and Funko Pops and Wayfair reveals increased searches for airfryers and coffee machines
Survey from Nationwide looks at the impact of Christmas spending across different household incomes
Comes as Nationwide partners with Action for Children to support their Secret Santa campaign to help Britain’s most vulnerable children feel the magic of Christmas
Parents spend average of £673 to fund Christmas, reducing to £264 for those with a household income of £15k or below
42% of parents say Christmas negatively impacts their mental health, rising to 53% of those earning £15k or less
12% of parents plan to borrow money - 16% of households with incomes of £15k or less will be in debt due to Christmas
But…two thirds of all parents surveyed agree togetherness is the most important part of the season
New research1 from Nationwide and Dementia UK shows 60% of men aged 18-34 feel prepared vs 32% of those aged 45-54 and 30% of men 55-plus
Just 37% of men aged 55-plus would feel comfortable providing dementia care, rising to 44% for men aged 45-54
Nationwide and Dementia UK urge more men to get support as data for dementia clinics - held in Nationwide branches - reveals they account for just 25% of appointments booked
Main reasons men aren’t comfortable seeking support include sharing feelings, fear of burden and embarrassment
Dementia UK highlights middle age can be “challenging and tiring” due to often caring for young children and older family although in general stigma and fear of judgement is prevalent
Research comes ahead of Christmas - a time dementia often becomes noticeable due to time spent together