Spending more isn’t the secret to a Happy Christmas – Swinson (Dumfries Liberal Democrats)

Dumfries Liberal Democrats <tom@therussells.org.uk>

Spending more isn’t the secret to a Happy Christmas – Swinson

December 22, 2008 4:45 PM
Originally published by Scottish Liberal Democrats

Research shows that spending less on Christmas will not stop East Dunbartonshire residents enjoying a happy Festive season, according to Jo Swinson MP.

In a consultation of her East Dunbartonshire constituents carried out by email, Ms Swinson asked whether people would be changing their Christmas spending this year, against the backdrop of the economic downturn.Jo Swinson MP

The results of the consultation show:

41% of those surveyed said they would be spending less

57% of those surveyed said they would spend the same

2% of those surveyed said they would be spending more

In most cases, those who said they would spend less cited reasons such as uncertainty about their future income, recent job loss or general anxiety about the credit crunch.

Many of those who reported that they would spend the same said that they would be spending more carefully to make their money go further and that they would start saving earlier for next Christmas.

Jo Swinson said:

"The results of this survey show the impact that the economic downturn is having. People are overwhelmingly choosing to spend the same or less than usual on Christmas, often because of worries over job security and future income.

"I am encouraged to see a high proportion of people saying that they will be looking for ways to make their money go further. This shows that even in difficult times, East Dunbartonshire people are sensible when it comes to making the most of their money.

"The good news is that research published in the Journal of Happiness Studies shows that the secret to a happy Christmas is not how much we spend. According to research, the things that make us happier at Christmas tend to be spending time with friends and family, eating and drinking well and for some, engaging in religious activities.

"The research also shows that the more people spend and receive, the less happy they tend to be. This validates what many people already know - spending more doesn't make us happier and a Merry Christmas need not cost the Earth."