Household spending: strong pressure from families to celebrate Christmas – Personal Finance – Economy
The high cost of living and credit, the greater indebtedness of households, the effect of the cancellation of the Day without VATJust as the lower supply of many products took a heavy toll on Colombian families, who had to tighten their belts when it came to celebrating Christmas.(Read also: Invest in the short term, in the face of a landing economy) Last year, due to these factors, households spent 32.8 trillion pesos, some 4.9 trillion pesos less at today's prices than at Christmas 2021, which indicates a 12.9 percent drop. .This decrease is seen after in December 2021 the expenses…
