1 in 5 say they'll borrow to cover the cost of Christmas, with the majority expecting to be in debt for up to 3 months.
Locals are set to spend more money this Christmas than last year.
The cost of an Irish Christmas is now €1,170, up 14 per cent on last year according to research from the Competition and Consumer Protection Commission.
1 in 5 say they'll borrow to cover the cost of Christmas, with the majority expecting to be in debt for up to 3 months.
Business Editor Joe Lynam says we're spending more because we're trying to keep "up with the Joneses".

New Appeals System For Asylum Seekers Comes Into Effect
Bord Bia Review Published In Light Of Controversy Surrounding Brazilian Beef Importation
KCC Report Reveals North Vs South Divide In Kildare
Kildare TD Highlights Difficulties Faced By Wheelchair Users In Curragh School
"A Fall Every Week" : Mayor Of Naas Calls For Alterations To Kilcullen Road
Local TD Accepts Data Centres Are A "Particular Issue" In Ireland
Kildare Dog Shortlisted For Bravest Pet Award
Kildare Senior Football Team vs Kerry