New Year's Eve 2011: Revellers Staying In Due To Money Worries

New Year's Eve Revellers Staying In Due To Money Worries

More people are planning a big night in than the traditional big night out this New Year's Eve, with many revellers staying indoors due to concerns about cash, a survey has found.

Nearly three quarters of people (74%) will stay in this year, according to the Post Office Home Insurance New Year survey.

This figure is up from 72% who were planning to stay in last year and 55% in 2007, suggesting we may be approaching the "death of the biggest night out of the year", the survey said.

Money and cost are an important factor in deciding how to see in the New Year, with 14% of people citing this as the main reason behind their plans.

But those choosing to party at home are set to spend an average of £95 on food and alcohol - amounting to double the £48 average spend for those planning on heading out to celebrate.

Post Office head of home insurance, Gerry Barrett, said: "New Year's Eve can end up being a costly night, and as our research shows bizarrely, it can be even more costly for those who plan to stay in."

Mr Barrett said the survey of 2,016 UK adults showed people look set to be emulating diners in Channel 4 programme Come Dine With Me.

He said: "Come Dine With Me fever is apparently gripping the nation as more people than ever plan to stay at home or hold dinner parties, but many hosts could see their bills mount up as they look to impress their friends."


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