In December, holiday-related expenses are causing financial strain for nearly 40 percent of Netherlands residents, according to a survey conducted by Hart van Nederland. ABN Amro's study

also revealed that over a quarter of Dutch individuals anticipate higher holiday expenditures compared to last year, while approximately a fifth plan to reduce their spending.

The survey, encompassing 3,389 members of the opinion panel, highlights that nine percent of Dutch citizens encounter significant financial challenges in managing their expenses during this festive period. Meanwhile, 30 percent grapple with some level of financial strain due to the expensive nature of the month.

Of those surveyed by Hart van Nederland, 52 percent intend to allocate 100 euros or less for gifts this season. A significant portion, accounting for 38 percent, plans to spend between 100 and 500 euros, while 6 percent anticipate spending over 500 euros.

Interestingly, half of the Netherlands residents allocate a higher budget for Christmas gifts compared to those for Sinterklaas. Conversely, 27 percent allocate more funds for Sinterklaas gifts, while others reported not spending on either holiday.

ABN Amro's forecasts suggest a retail turnover surge of 730 million euros, reaching 15.6 billion euros in December, primarily attributed to price hikes, marking a 5 percent increase from December 2022.

Among the 1,250 surveyed by the bank, 28 percent plan to amplify their holiday-related expenses this month, while less than a fifth aim to cut back. The majority, comprising 55 percent, intend to maintain a budget similar to last year's.

Those opting to curtail expenses attribute their decision to a desire for more financial mindfulness, focusing solely on essential purchases. Nearly a quarter of the respondents plan to conduct their holiday shopping at more affordable supermarkets, while over a fifth contemplate opting for B brands instead of A brands. Photo by Paul2, Wikimedia commons.