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Holidays still on agenda despite 20% drop in disposable incomes
People are cutting back on nights out and buying new clothes in rather than giving up this year’s holiday.
A new study has found that 42% of UK consumers seeing their disposable incomes drop by 20% in the past year
But the first things to go are not high-priced, one-off items such as holidays, but smaller luxuries including CDs and DVDs as well as trips to the cinema.
New research by ecommerce specialist Avail Intelligence shows that the impact of the recession has led to a significant change in spending habits.
In contrast, those that are spending are being more careful and switching from the high street to online, with 38% of people now preferring to shop via websites.
Company founder and CEO Pontus Kristiansson said: “While it is clear that consumers are feeling the effects of the recession, they are unwilling to give up their summer holidays just yet.
Phil Davies
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