Staying in is the new going out for recessionistas

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Recession hit Brits are reining in their spending and opting for free cosy nights in to save cash, according to research from moneysupermarket.com*


  • Almost two thirds of credit-crunched Brits (65 per cent) admit to staying in more to save money
  • Twenty-somethings most likely to opt for free cosy nights in
  • Young adults four times as likely to resort to in-house entertainment to keep costs down

The UK's leading price comparison site reveals just under two thirds (65 per cent) of Brits admit the credit crunch means they are more likely to stay in during the evenings to save money. Just over one in ten Brits (11 per cent) say the recession has meant they are resorting to in-house entertainment such as dinner parties, house parties and BBQs, and the under twenties are revealed as the new 'Come Dine with Me' generation with double the national average attending or having dinner parties. They are also four times as likely to attend or host a house party than the national average.

The research reveals a stark age difference though, while the majority of people are cutting back their spending it's a different story for older Brits; sixty and seventy-somethings confess that despite the recession they are going out as much as ever (49 and 50 per cent respectively).

Julie Owens, head of home insurance at moneysupermarket.com said: "It's no surprise we're a nation of belt-tighteners at the moment, but the research reveals our social lives have been hit hard by the recession, with two-thirds of us admitting to staying in more. There's a chance we'll see this increase further too, especially as the autumn nights set in and we head towards winter. For the 'golden oldies' though the grey pound remains strong - perhaps this generation are more confident in the midst of recession having seen it all before."

"Despite older Brits holding on to their nights out during the recession it's clear there are some true "recessionistas" among us flying the flag for dinner party chic.

Come Dine with Me!
The dinner party culture is alive and kicking revealing Brits are willing to spend a generous £22 per head on food and drinks, and with an average five guests invited each time, Brits are prepared to fork out just over £116 for an evening**. Dinner party conversation can often be a conundrum and perhaps unsurprisingly men are the perpetrators of more conversation 'blunders', dipping into off limits topics like sex, religion and politics. Surprisingly, the poll exposes women as the most likely to get a recipe wrong (20 per cent compared to 17 per cent of men).

Scots are the messiest dinner party guests, with 51 per cent admitting to spilling food and 39 per cent spilling drinks, while the Welsh are most likely to have a 'smashing' time with 35 per cent admitting to breaking glasses or crockery.

By comparing more than 60 policies using the moneysupermarket.com's home insurance tool, Brits could cut their premiums by an average of £116 a year.

Notes to Editors:

*Opinium Research carried out an online poll of 2,004 British adults from Friday 14th August to
Tuesday 18th August 2009. Results have been weighted to nationally representative criteria.

**Of those who host dinner parties, on average they invite of 5.4 people to each dinner party.

  •     They spend on average £12.55 on food per person
  •     And spend on average £8.99 on drinks per person

£12.55 + £8.99 = £21.54, x 5.4 people = £116.32

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Nicki Parry
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