With this in mind, WelcomeSpaces conducted an autumn survey in November 2023 to gauge the financial pulse of young adults in Quebec. Our objective was clear: to paint an accurate picture of the impact of inflation on holiday preparations, including consumption habits, budget plans, and debt perspectives.
The impact of inflation is undeniable and affects various aspects of daily life. In anticipation of the year-end celebrations, young people in the province are tightening their purse strings, redefining their vision of traditional festivities. From meals to leisure activities to shopping, the changes are tangible. Our key findings reveal a trend towards moderation, a quest for good deals, and a potential increase in the burden of debt.
With a solid methodology and significant participation (1004 respondents), this survey outlines the contours of a Christmas 2023 where caution and ingenuity will be the watchwords of a celebration reinvented out of economic necessity. We look forward to sharing our discoveries with you on the warmest, yet perhaps most prudent, holiday of the year.
In total, 1004 participants, aged 18 to 44, were reached online to complete the survey. The margin of error is ±3%.