One in 10 parents may be forced to sell their kids' belongings this Christmas

3 days ago 1

This twelvemonth arsenic galore arsenic 5.5million UK parents whitethorn request to merchantability items owned by their children successful bid to spend costs and expenses associated with the festive season

Christmas Savings Jar captured connected  the 14th September 2023.

1 successful 3 accidental Christmas volition beryllium harder for them to spend this year

A staggering 1 successful 10 parents mightiness beryllium pushed to merchantability their children's belongings conscionable to scrape done this Christmas.

Nearly a 3rd confess that the festive play volition deed their wallets harder than ever this year, according to a caller survey.

The survey shows determination is simply a increasing interest implicit soaring inferior bills and caller taxation hikes. But for three-quarters of those polled they said the overarching contented is that 'everything is much expensive.'

Although a fig of parents are preparing to walk little connected gifts to minimize spending they inactive expect owing £343 successful indebtedness pursuing the festive play - with lone fractional hopeful of settling it by June.

Consequently, a fig of parents are resorting to selling second-hand goods successful a bid to drum up other cash. This includes items they'd alternatively support similar clothing, gaming consoles, and adjacent mobile phones.

This inclination of reselling items has spiked according to findings from Gumtree, which commissioned the research.

Many parents are re-selling their apparel oregon phones successful bid to marque other money (

Image:

SWNS)

Gumtree's consumer expert, Hannah Rouch, said: "We cognize that the world for millions of families is that determination is simply a precise existent unit connected finances and budgets implicit wintertime and the festive period."

The online marketplace has noted a 5% boost successful 'Baby toys' listings whereas 'nursery furniture' has seen an uptick of 15%.

In addition, gym instrumentality has besides experienced a 6% summation successful listings arsenic Brits rummage astir their homes to merchantability items they whitethorn not beryllium utilizing regularly.

And listings for 'women's jackets' and 'kid's jackets' person seen a emergence of 12% and 8% respectively.

"Our latest probe has shown that radical are looking to merchantability goods to marque ends conscionable and we are acrophobic that the Government's announcements bash not spell acold capable to assistance moving families" she adds.

"We implore the Government and decision-makers to earnestly see however to amended assistance parents and children get done this winter."

"While we are present to assistance radical merchantability their goods, and find cheaper alternatives, we are besides sharing resources for families who are struggling."

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