An alarming one in 10 parents might resort to selling their children’s items this festive period to cope financially.
A staggering 5.5 million parents could be pushed to put up their children’s toys up for sale to manage costs over Christmas.
In a recent survey of 2,000 consumers, three in 10 admit that Christmas will be harder for them to afford this year.
Respondents highlighted worries regarding utility prices and tax rises as a contribution to strained expenses. But more significantly, three-quarters simply said ‘everything is more expensive’.
Although a quarter of parents expect to spend less than usual on their children’s presents, they still expect to get into £343 worth of debt, with only half expecting to clear it by June.
To help alleviate financial stress many parents are selling items second-hand to make money to spend over the festive period.
These include items they perhaps don’t want to sell such as clothes, games consoles, and even mobile phones, as well as their kids’ belongings.
The research was commissioned by Gumtree, and has revealed the amount of second-hand selling has increased.
Hannah Rouch, consumer expert at the online seller, said: “We know that the reality for millions of families is that there is a very real pressure on finances and budgets over winter and the festive period.”
The retailer has seen ‘Baby toys’ listing increase by 5% while ‘nursery furniture’ is up 15%.
Listings for ‘women’s jackets’ and ‘kid’s jackets’ have increased 12% and 8% respectively.
While gym equipment has also seen a 6% rise in listings as Brits look around their homes to sell items they may not be using regularly.
“Our latest research has shown that people are looking to sell goods to make ends meet and we are concerned that the Government’s announcements do not go far enough to help working families” she adds.
“We implore the Government and decision-makers to seriously consider how to better help parents and children get through this winter.”
“While we are here to help people sell their goods, and find cheaper alternatives, we are also sharing resources for families who are struggling.”
