Half of consumers are planning to cut back on presents this Christmas.

That is according to the latest Credit Union Consumer Sentiment Index.

It also reveals that the number of people using savings to fund the festive season is up.

The global outlook has settled slightly, but household finances are coming under sustained pressure.

To delve into this further, Alan Morrissey was joined in studio by Louis Faye of St Francis Credit Union, Ennis.

Photo (c) Umkreisel from pixabay / Max Fischer from Pexels