Research finds 60% of budget-conscious Brits will use cash this Christmas

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Research finds 60% of budget-conscious Brits will use cash this Christmas
A new Post Office survey suggests that some are intending to use physical money over Christmas to help them stick to a budget. (Image: PA)
// 59% of people who celebrate Christmas likely to use cash instead of cards during the festive season
// In rural areas, 66% favour notes and coins, according to a Post Office poll of more than 2100 people
// 45% are also likely to give cash as a gift this Christmas

Almost six in 10 Brits will use cash instead of cards during the festive season, as Brits become more budget-conscious amid economic uncertainty.

According to a survey of 2100 people from across the UK, conducted by the Post Office, 59 per cent of Brtis who celebrate Christmas were likely to use cash instead of cards when buying gifts, treats or socialising during the festive season.

Those living in rural areas are particularly likely to use cash to celebrate, with two-thirds favouring notes and coins, the Post Office said.

While contactless card use has surged in recent years, the survey suggests that some are intending to use physical money over Christmas to help them stick to a budget.

Nearly half – 45 – per cent – are also likely to give cash as a gift this Christmas, according to the Post Office.

Meanwhile, 54 per cent were planning to visit one of the Post Office’s 11,500 branches during the festive period – and of that number, a fifth intend to withdraw cash. This rises to 30% of people living in rural areas.

In addition, 69 per cent of people who intend to visit Post Office branches over the festive season will post Christmas cards and gifts and a further 22 per cent intend to visit to collect or return online shopping.

With PA Wires

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