Research reveals how much money gets spent on Christmas presents every minute around the world

Findings released today from Ecard Shack reveal how much money gets spent on Christmas presents every minute in December.

The holiday shopping season is now upon us. With just a few weeks until Christmas day, many shoppers are feverishly trying to find the perfect meaningful gifts for everyone on their list.

Between the shopping frenzy of Black Friday and Cyber Monday to the last minute sales just before Christmas,  Christmas plays a very big part in how much the average person pays for all of his or her holiday expenses.

So it will come as no surprise that the average cost of Christmas is high, what with advertisements for big sales everywhere, there is a greater chance for impulse buys and overspending.  That said, shoppers in some countries binge more aggressively than others.

Ecard Shack crunched the numbers from ING’s Special Report on Christmas spending by taking the median spend on Christmas presents and working out how much that works out at every minute throughout December. From this we can discover which nation is the most generous when it comes to splashing the cash on gifts for loved ones.

The biggest Christmas spenders

Alec Woolford, spokesperson for Ecard Shack comments: “No matter where in the world we are, we all want to make Christmas special for those we love. It’s fascinating to see how much gets spent on Christmas presents every minute throughout December.

However if you are feeling the pressure, the likelihood is so are your friends and family. So why not suggest ways that you can cut the costs together? The chances are everyone else will breathe a sigh of relief