A new study released by the UK's leading Out of Home media and infrastructure company, Clear Channel UK, revealed that over one in three people expect to increase their spending on food (36%) in 2025 compared to 2024, despite having money saving as their top New Year’s resolution.
Other product categories consumers are expecting to increase spending on include travel (31%), household items (23%), clothing (19%), entertainment (14%), drinks (10%), toiletries/cosmetics (9%), shoes (8%) and bags (6%) while one in five Brits (20%) are determined to not increase their spending on any products/services at all.
The study of 2,000 respondents, conducted via OnePoll, also revealed that Gen Z (41%) and younger Millennials (27%) expect to increase their spending on clothing more than older age groups, while the latter expect...