Paisas will reduce their budget to celebrate Father’s Day and this year they will spend a maximum of $100,000

Paisas will reduce their budget to celebrate Father’s Day and this year they will spend a maximum of $100,000
Paisas will reduce their budget to celebrate Father’s Day and this year they will spend a maximum of $100,000

07:56 AM

Fenalco Antioquia released the data of a survey on how the paisas will celebrate the Father’s Day 2024this Sunday, June 16, revealing that This time they will spend less than last year.

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According to the union, 71% of Antioquians will celebrate this date, while 29% will not.

A worrying figure, he said, is that the 22.2% of people who will not celebrate argue that they do not have money to do so, a proportion that the previous year was 18.6%.

For Fenalco, “this data clearly reflects the worrying current conditions of the economy, which reported, during 2023, a poor growth of 0.6% in Colombia and 0.16% in Antioch”.

Lower spending

In any case, for those who will celebrate the figures are not the best either. This, therefore, it was observed that a smaller budget will be allocated.

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That is how 28.6% will spend between $50,000 and $100,000 (this figure is 23 percentage points more than in 2023); 34.5% between $100,000 and $200,000 (23 percentage points less); 12.9% between $200,000 and $300,000 (1.6 percentage points less) and 15.2% more than $300,000 (6.8 percentage points less).

As the union found, six out of ten people will celebrate at home (59.6%); 20.4% will do it at a family member’s house; 15.8% in a restaurant; and the remaining 2.1% will go on a trip.

He added that clothing and footwear rule the roost when it comes to giving gifts, and to a lesser extent are cash and vouchers, and technological items.

María José Bernal, executive director of Fenalco Antioquia, stated that Father’s Day is the third most important commercial date of the year, and at this time payment in cash and debit cards will be preferred for those who buy gifts.

 
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