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".

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