The FINANCIAL — Almost 10m consumers could be tipped into or pushed further into the red this Christmas, online site comparison group MoneySupermarket.com warns. From London Stock Exchange Home Page.
For those who are already in debt, excluding mortgage and student loans, it will mean they will be entering the Christmas period with their finances already stretched. The figures reveal that one in ten already in the red, will be pushed further into arrears by funding the festive period this year.
The research also showed consumers are saving less for Christmas compared to last year. Just 57% of consumers said they have enough money saved to cover the cost of the festive season, down 6% from last year.
