In its most recent survey, the ING International Survey looked at how consumers view Christmas spending and what they think about the gifts they receive.
32% of Luxembourg residents feel obliged to spend money at Christmas, versus 42% of Europeans in general. Similarly, nearly 8 in 10 Luxembourgers (78%) think that the holiday period is too focussed on spending, compared with 7 in 10 people (70%) in Europe.
10% of Luxembourg residents (vs 15% of Europeans) say they received at least one gift last year that they did not like or will never use. Of that 10%, 53% gave the gifts away, 55% kept them anyway and 17% donated them to a charitable organisation.
When it comes to putting money aside for the Christmas period, only 21% of Luxembourgers say they actively save money, compared with 42% of Europeans. When asked if they hope to receive a particular gift, 83% of Luxembourg residents (vs 76% of Europeans) said they do not yet know what they want for Christmas this year.
