Eating out is latest credit crunch casualty
by David Masters
Credit crunched Brits have dramatically cut back on eating out, according to research by Abbey.
A survey by the bank found that over half (56%) of UK residents have cut back on dining out, whilst 44% have reduced the number of takeaways bought in favour of home cooking.
Eating ‘al desko’ is also growing in popularity, with 17% more Brits taking a packed lunch to work compared to a year ago.
With meals out reduced, the average household is spending over £50 more per month on groceries to cover the cost of eating more at home.
Callum Gibson, Abbey’s head of credit cards, said: “The current economic climate means that people are looking to make cutbacks where they can to make their money go further”
Research by Abbey in the run up to Christmas found that many people were avoiding excessive luxuries to ensure they could spend the usual amount on Christmas dinner.
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Tags: Abbey, credit crunch, eating out, groceries, recession, research, survey, UK
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