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ONE IN FIVE CANCEL SUMMER HOLIDAYS BECAUSE OF CREDIT CRUNCH
One in five Brits have cancelled their plans to go on holiday (20%) as the credit crunch bites harder, according to research from Savebuckets.com.
Following price hikes for staples such as food and utilities and with property prices in trouble, the new research suggests the family summer holiday will be the credit crunch’s next major victim.
Online price savings site Savebuckets.com questioned 2,000 people on the impact the credit crunch is having on their monthly budget.
Marc Ames, Marketing Manager of Savebuckets.com commented: “The fact that people feel they can’t afford to go away for a break this year is a reflection of how difficult many families are finding it to make ends meet. Whilst the credit crunch continues to affect our finances, with one in four worried about how they will make ends meet, it is important that people take the time to manage their money so that they can still afford the important things in life. There are ways to save which can have huge differences on the bank balance, for example, by shopping online at www.savebuckets.com for popular items, Britons can save up to 50 percent on purchases and save money without making sacrifices.”
The hard facts: How people’s holiday plans are changing
To save online visit www.savebuckets.com
For more information or to speak to a spokesperson from Savebuckets.com, please contact:
Guy Bellamy / Rosie Dodd - FD Consumer Dynamics
Guy.Bellamy@fd.com or 020 7269 7177
Marc Ames - Savebuckets.com
Notes to Editors
Research was conducted on behalf of Savebuckets.com between 11th and 14th April 2008 by YouGov amongst a GB representative sample of 2,168 adults.
Savebuckets.com is a free to use online comparison shopping service, which will helps shoppers to find the product they want at the price they want.
The site currently searches millions of products from a wide range of shops, including high street brands and lesser known online shopping sites.
Savebuckets.com also includes a ‘My Price’ function which notifies shoppers by email when the price of the item they are searching for drops to within their budget.
Savebuckets.com is the trading name of Save Buckets Limited, a registered company in England and Wales.