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Lower inflation has boosted consumers' purchasing power, enabling them to spend more on discretionary items, such as holidays.
This can soon add up if you're buying expensive items online such as holidays, electricals, clothing, gifts and financial products.
It suggests that GDP could be improved by including factors that contribute towards individual well-being, such as holidays, and relying less on pure measures of market output.
Researchers now say they have found these "missing units" – and that they are consumed on special occasions such as holidays, weddings and bank holidays.
Things such as holidays, visits to the theatre, cinema, concerts, dining out, etc that once you took for granted become rare treats.
Besides spending your money on other people, you're likely to get more pleasure from buying experiences such as holidays or trips to the theatre, than from material objects.
Similar(12)
He visits pages containing words such as "holiday", "flight" and "hotel".
Previous reporting rolled the figures in with other categories such as holiday and travel fraud.
Using freelance lawyers helps reduce their overheads and any extra costs, such as holiday pay and maternity leave.
For many workers this is a rigged economy, where bosses can weasel out of paying the minimum wage or providing basics such as holiday pay and rest breaks.
"In terms of more anecdotal evidence, significant local employers, such as Holiday Extras, tell us that cultural regeneration has made it easier to recruit and retain staff".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com