Four in five Brit Gen Z will cut their Christmas spending this year. 

Four in five Brit Gen Z will cut their Christmas spending this year. A new study in the U.K. found that 82% of 18-24-year-olds are planning on spending less for winter holiday gifts than they were last year. And almost three in five British Gen Z will rely on their savings to fund their Christmas purchases this year. YPulse informed you how tough the cost of living has been for young Europeans in the past year, with four in five saying they’ve seen their bills increase compared to last year. (Marketing Beat)