Studies of financial analysts suggest that Bulgarian families spend about 20 percent of their monthly income for Christmas shopping. Fortunately, recent data suggest that people are less likely to resort to loans for the festive table, gifts and New Year celebration.
Only about 10% of people cover holiday expenses with loans. Many larger the number of people who manage to cope with the saved money or reasonably allocated expenditure - about 80%.
"I do not expect much of a boom, not much change in the situation, just expect to be slightly larger spending than in previous years. Bulgarians still remains cautious, "said Desislava Nikolova - consumer finance analyst in" My Money. "