B.C. residents will spend $343 more than the national average, but 53 per cent of them feel financial anxiety toward holiday spending, says survey.
Despite affordability issues and financial anxiety, British Columbians are planning to spend more during the holidays than any other province.
B.C. respondents to Thursday’s survey said they plan on spending $2,045 on average for travel, $504 for holiday gifts, $320 for entertainment, $177 for decorations and $374 for other holiday expenses. Eighty-three per cent are also concerned about unknown expenses, 80 per cent are concerned about their financial situation, 77 per cent are concerned about housing costs and 62 per cent concerned about monthly bills.
Twenty-four per cent will cut down the number of people on their gift list and 37 per cent will be buying less expensive gifts.
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