IBRIS: 500+ families will spend 70% more on christmas presents

Households that receive funds from the 500+ program will spend PLN 864 on christmas presents this year, which means a 70 percent rise compared to 2015, according to a study conducted by IBRIS. On average, Polish household will spend PLN 614 on holiday gifts, compared to PLN 506 last year. “The improved situation on the labor market and social transfers have helped increase consumption in those social groups who had limited resources before,” said IBRIS president Marcin Duma. Overall, Polish households will spend PLN 8.46 billion on presents (PLN 1.5 billion growth). Most will buy cosmetics and perfumes (46 percent), toys (39 percent) and books (37 percent) as gifts.