GoCompare reveals that 9.7million households across the UK are facing Christmas on a reduced income, compared with this time last year.
The research carried out ahead of the festive season, found that 35 per cent of UK households are living on less money than last year.
More than half (54%) said their household income is roughly the same, while 11 per cent have seen their income increase over the last 12 months.
Read more on dailyrecord.co.uk