Australia's Christmas spending

How Australians spend at Christmas

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

View the accessible text version of the infographic

Christmas spending

Australia's Christmas spending (accessible text version)

Aussies planned to spend $955 on average over the holiday season (1).

Paying for presents

Average Christmas spending on gifts (1)

  • WA - $646
  • NSW - $634
  • QLD - $609
  • VIC - $562
  • SA - $505

How people pay for Christmas presents (2)

  • 3% - use their Christmas bonus
  • 36% - credit card
  • 75% - savings
  • 4% - loans

Avoid the Christmas debt hangover

Average credit card debt after the holiday season (3)

  • $1,666

Most people pay off Christmas credit card debt (4)

  • 82% - pay it off in up to 6 months
  • 11% - pay it off in 6-24 months
  • 4% - pay it off in 2+ years
  • 3% - expect to never pay it off.

Read our tips to avoid a Christmas debt hangover.

Sources:

  1. Commonwealth Bank, XMAS Spending Survey - November 2016. Note: due to low sample sizes in ACT, NT and TAS, figures for spending in these areas are not included.
  2. Finder.com.au, Festive season in full swing: How the nation will cope with financial pressures - December 2016. Note: Because some people use a combination of payment methods, these figures do not add up to 100%.
  3. Finder.com.au, Families stung as post-Christmas debt hangover tipped to hit $397 million - January 2017.
  4. Finder.com.au, Australian Debt Lag Survey (raw data breakdown) - November 2016.

Related links


Last updated: 16 Nov 2017