How a lot did you spend on a gift for Dad this Father’s Day? Most likely greater than you spent in your final Mom’s Day reward, in accordance with the Commonwealth Financial institution.
CommBank knowledge has discovered that final 12 months Aussies spent $1.58 billion within the lead-up to Father’s Day – 15% greater than the $1.37 billion spent within the lead-up to Mom’s Day.
114,800 mums work, examine and care for kids beneath 15 on the identical time
Extra mums working and finding out to remain out of monetary stress
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It was additionally discovered that Father’s Day spending has elevated by 37% since 2015, with a median spend per reward sitting at $50.
Nearly all of Father’s Day spending passed off on the final minute, with the day earlier than Father’s Day seeing a rush of $117 million in spend quantity.
What we purchased Dad final 12 months:
- Eating out: $400 million
- {Hardware}: $94 million
- Vogue: $114 million
- Tech & devices: $52 million (up 62% since 2015!)
Commonwealth Financial institution’s basic supervisor of on a regular basis banking and funds, Rohan Ritchie, stated that it was widespread to see spending stats spike round Valentine’s Day, Mom’s Day and Father’s Day.
“We are able to all fall into the lure of shopping for costly presents to point out how a lot we care. In case you add up what you spend on presents collectively over a whole 12 months, it may possibly put a severe dent in your financial savings. The excellent news is, it’s not laborious to maintain your spending in test.”
