Communion costs forces one-in-8 to loan sharks [Herald.ie]
- Published: 06 May 2011
FIRST Communion children are making up to €500 for their special day while one in eight families has to turn to a moneylender to fund the occasion.
A new study by the Irish League of Credit Unions has also found that one in five families is using a credit card to cover some of the expense associated with the day.
First Communion children get an average of €471 from friends and family while the figure is €455 for Confirmation.
These amounts have remained unchanged despite the recession.
Clothes are the biggest cost, according to two thirds of parents preparing children for First Communion while in the case of Confirmation, food and drink is the most expensive item.
Confirmation is less expensive all round with only one in 25 families turning to a moneylender to help them fund that day.
Full Story: www.herald.ie
