3 items found

23 Nov 2021

Brits back in black: Black Friday predicted to be biggest ever day of spending as normal service resumes

  • Black Friday spending forecast to be 32% higher than pre-pandemic peak following 2020 dip 
  • Nationwide members predicted to spend more than £251,000 per minute on Black Friday 
  • 5pm to 12am the most popular time to make purchases on Black Friday 
  • Research shows 36% worry about Xmas and 26% expect to be in more debt next year 
  • People willing to pay more for items if they are made and delivered sustainably 

02 Nov 2021

Growth of consumer spending slows in third quarter of 2021 as people settle into rhythm

  • Nationwide’s Spending Report analyses 620m payments, with transactions rising 10% between Q2 and Q3
  • Modest three per cent increase in total spend; down on previous quarterly rise of 14% as spending stabilises
  • Essentials: Data shows a 4 per cent rise in household spend - transport, fuel, debt and utilities spend up
  • Non-essentials: 12 per cent rise in discretionary spend - leisure, holiday, food & drink and fashion up
  • Research reveals rising cost of living impacts financial wellbeing – 74% worried; with credit usage rising
  • Contactless card payments jump by 14 per cent and mobile payments up by more than a third (34%)

22 Jul 2021

Easing of restrictions sees loosening of purse strings as Brits begin to return to spending ways

  • Nationwide’s Spending Report shows total number of transactions made in Q2 up 20% on Q1
  • Non-essential spending up 60%, boosted by holidays, eating/drinking out, gardening & leisure
  • £133.7 million spent on charities between April and June – 16% up on the first 3 months of 2021
  • Contactless boom continues: mobile payments up 70% on the first quarter of the year
  • Travelling again: spend on taxis above pre-pandemic levels; public transport spend still down

3 items found