Most Canadians anxiety-ridden during holiday season

Monday, November 18, 2013

holiday seasonFrom organizing parties to managing debt, purchasing hard-to-find merchandise or figuring out what to get loved ones who seem to have everything, "stress" and "holidays" seem to go together. And, according to a recent poll performed by survey research firm Vision Critical, Canadians aren't immune to feeling some level of anxiety this time of year.

Approximately 67 percent of respondents indicated that that they felt at least somewhat stressed about finding the right gift for everyone on their shopping list this year, the poll commissioned by Staples Canada revealed. Additionally, nine in 10 said that there was at least one person who they considered to be "ungiftable" - finding it next to impossible to purchase something that they were certain their recipient would enjoy.

When asked to describe these hard-to-please loved ones, they tended to point to significant others, mothers, fathers or children - the most common one being their spouse or partner.

In addition to these recipients often having what seems like everything, another reason why respondents deemed them to be "ungiftable" was because they had run out of ideas. About half of gift givers indicated that the well had run dry with regard to potentialities of what might be a great present. This was particularly true when buying for children as well as significant others.

One in five will spend more than $1,000 on holiday gifts
While Canadians may have a hard time coming up with the perfect gift, whatever they decide to buy, it won't come cheaply. The Staples Canada survey found that roughly 20 percent of shoppers will spend more than $1,000 on all their gifts this year. Potential presents include gift cards and certificates, technology based items like HD televisions and laptops, as well as tech accessories like HDMI cables and printers.

November is Financial Awareness Month in Canada, and the Insurance Bureau of Canada is hoping to make Albertans more aware of the details regarding their car and home insurance policies during this period. For example, a great question to ask an insurance representative, is what a typical Alberta home insurance policy provides for and what optional coverages are available. In light of it being the holiday season, these plans include coverage for personal possessions, such as those that you might receive as a Christmas gift. Because every policy has its limits, though, expensive items like jewelry, an antique or painting may require additional protection, which can be bought through a floater or endorsement.