PayPal survey reveals 56% of Canadians will go over budget this holiday season

TORONTO, Nov. 29, 2023 /CNW/ – Amid the rising costs-of-living, new research from PayPal revealed three quarters of Canadians (76%) surveyed will create a budget for their spending this year – but more than half (56%) will go over despite their best intentions. PayPal’s 2023 Festive Spending Snapshot, polling 2,000 Canadian adults who celebrate the holiday season, unwrapped the many ways they are trying to curb their spending. Of those surveyed, 44 per cent are keeping an eye on price tags to prevent overspending or going into debt, and 25 per cent are setting a budget to avoid dipping into their savings. What’s more, 25 per cent of consumer respondents get ahead of their spending long before the decorations come…