The economy is in the toilet and there are fears of a looming recession. That’s what makes this new research on spending so surprising.
found people were planning to spend a huge amount of money on presents, food and travel over the festive period.
The average spend per person in South Australia was $628 and in Western Australia it was $627, Ms Browne said. “I think it’s been a tough and uncertain year for many people and Christmas is the time of year to take a break, be with loved ones, eat some nice food and share presents,” Ms Browne said “Many people seem eager to put their worries on hold.”That represents an increase of 2.6 per cent on last year.“When you think Christmas, you usually think it’s all about gifts, but when we break down what people are spending their money on, travel tops the list,” Ms Browne said.
“Some one-in-four respondents told us that they don’t have the cash to cover their costs and will rely on credit cards instead,” she said.
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