£8bn Spending on Self-indulgent Treats
Shopping for ourselves accounted for £7.8 billion of credit card expenditure at the end of 2005, new figures from Morgan Stanley has revealed.
Shopping for ourselves accounted for £7.8 billion of credit card expenditure at the end of 2005, new figures from Morgan Stanley has revealed.
In the last quarter of 2005, UK consumers spent on average £166 on treats for themselves.
Women were revealed to be the most generous, spending more than men on family and children.
Under-twenties were the second biggest 'me' shoppers, indulging 57 per cent of their credit card spending on themselves.
Patrick Muir, MD for Morgan Stanley credit card said: "Despite reports of a quiet end to 2005 on the high street, our research shows that Britons still found time for the occasional self-indulgent purchase.
"Over the past few years we have observed a growing trend in using credit cards for making everyday purchases, but they also remain a popular way for people to treat themselves before pay day."
