Cost of Christmas is still a mystery to most
Christmas spending seems to have spiraled out of control for many consumers, according to a nationwide survey which found that most Greeks say they have no idea what the winter holidays cost them this year. The Greek Consumer Organization (EKATO) said that a survey of 615 people in six major cities indicated that 75 percent of respondents said they lost track or control of their expenses because they got carried away shopping for the festivities. Two-thirds of those questioned said they spent up to 1,200 euros more than planned and resorted to using credit cards. Despite the lack of discipline, half said that they had planned their finances for the Christmas period. Clothing and toys accounted for most of the holiday spending, followed by electrical gadgets, DVDs and books, EKATO added.
