Most Ukrainians plan to spend on gifts less than 1 thousand hryvnia (USD 36) this year or skip on buying presents altogether, a recent poll by Finance.ua demonstrated.

$36 or less on season gifts

A recent poll by an online financial news portal showed that the majority of people weren’t planning to splurge on gifts this year.

• 46% of participants plan to spend under 1,000 hryvnia ($36) on presents to family and friends.
• Further 11% of users have no plans to purchase any presents at all.
• 22% of respondents intend to spend 1-3 thousand hryvnia ($36-108).
• 13% of participants set their minds on 3-5 thousand hryvnia in spending ($108-180).
• Only 8% of respondents indicated plans to spend over 5,000 hryvnia ($180).

The average wage in Ukraine at the end of 2020 was USD 400 per month, this is why the figure of less than $36 on all the gifts to friends and family that could seem too small is actually relative to people’s income. It’s about 9% of the average monthly wage or 40% of the weekly salary.

Ukrainians traditionally give presents to each other on New Year’s Eve, as opposite to Christmas.

Many people in Ukraine support Orthodox Christianity with Christmas celebrated on 7 January. However, both 1 January and 25 December are public holidays in Ukraine and people are able to celebrate either date.

1,7 thousand people provided responses to the online poll in December 2020.

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