Credit card spending set to rise 35 percent
LONDON (Reuters) - Britons are preparing to increase their credit card spending during the 2006 festive season, a survey predicts.
The average consumer will fork out 1,270 pounds on their credit cards between October and December -- 35 percent more than last year -- according to Morgan Stanley.
The main area of spending is expected to be on the home and car, closely followed by groceries. They will collectively account for over half of planned expenditure.
Holidays and travel is also set to be a major area of spending over the festive season, as are Christmas parties.
The average consumer will fork out 1,270 pounds on their credit cards between October and December -- 35 percent more than last year -- according to Morgan Stanley.
The main area of spending is expected to be on the home and car, closely followed by groceries. They will collectively account for over half of planned expenditure.
Holidays and travel is also set to be a major area of spending over the festive season, as are Christmas parties.
Read more at: Credit card spending set to rise 35 percent
posted by e-borneo.com @ 5:41 PM
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