Australia's Christmas spending

How Australians spend at Christmas

Our infographic explains how much Australians plan to spend at Christmas, how they pay for it and how long it takes them to pay off their credit card debts.

View the accessible text version of the infographic

Christmas spending1
Christmas spending infographic part 2

Australia's Christmas spending (accessible text version)

Aussies planned to spend $1,079 on average over the holiday season (1).

Average Christmas spending on gifts (1)

  • NSW - $548
  • WA - $435
  • QLD - $408
  • SA - $405
  • VIC - $401

Avoid the Christmas debt hangover

Join the Christmas budgeters (1)

  • 57% set a budget
  • 4 in 5 stuck to it

How people pay for Christmas presents (2)

  • 60% - savings
  • 20% - credit card
  • 10% - borrowed money from family and friends, used their bonus or tax refund
  • 10% - lay-by

Most people pay off Christmas credit card debt (4)

  • 80% - pay it off in 3 months
  • 11% - pay it off in 3-6 months
  • 7% - pay it off in 6 + months

Cashed up kids (3)

  • 9 out of 10 children received some cash as Christmas presents

How much did they get?

  • 22% got $50-100
  • 20% got $100-$200
  • 22% got $200 +

How wisely did girls spend it?

  • 45% - banked it
  • 40% - clothes
  • 29% - saved for big item
  • 22% - music
  • 20% - going out

How wisely did boys spend it?

  • 45% - console games
  • 43% - banked it
  • 31% - saved for big item
  • 24% - computer games
  • 22% - other games

Sources:

  1. Commonwealth Bank, Survey of Australian consumers Christmas spending - December 2014
  2. ASIC's MoneySmart poll, 1,985 votes - December 2014
  3. Roy Morgan, Aussie kids cashed up after Christmas - January 2015
  4. Finder.com.au, Christmas Debt Survey - December 2014

Related links


Last updated: 01 Dec 2015