This year, 24% of Hungarians are buying Christmas gifts using loans, while this percentage was 12% in 2008, writes nol.hu, based on a study by LG Electronics. According to findings of the study, Hungarians who are buying electronics for Christmas are planning to spend Ft 106,000 (€390) on average, considerably less than last year (Ft 127,000). Respondents are also planning to give gifts to fewer people than last year, six on average, compared to seven to eight in 2008.
Study finds Hungarian shoppers giving less, borrowing more this Christmas
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