Report highlights ‘cost of modern dating’

A report from National Savings & Investments (NS&I) has shown that millions of British consumers are spending considerable sums on impressing prospective partners.

The latest figures suggest that British men anticipate spending at least £50 when going on a first date, while women except to spend around £30 under the same circumstances.

More than three-quarters of men say that they tend to overspend when taking a woman out for meal and almost a quarter would pay for the resulting bill through credit card debt, NS&I reports.

Overall, over one in four British men admit that they would be willing to add to their
debt management problems in order to ensure that a first date goes smoothly.

“There is no doubt that dating costs a lot, and many people in Britain need to think beyond impressing with wit and charm and also plan their finances,” said Dax Harkins, senior savings strategist at NS&I.

Earlier this week, Citizens Advice reported that more and more people are approaching its staff for help with their debt management woes.