How a lot did you spend on a gift for Dad this Father’s Day? In all probability greater than you spent in your final Mom’s Day present, in line with the Commonwealth Financial institution.
CommBank information 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 similar time
Extra mums working and learning to remain out of economic 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 present sitting at $50.
Nearly all of Father’s Day spending happened 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 common supervisor of on a regular basis banking and funds, Rohan Ritchie, mentioned that it was widespread to see spending stats spike round Valentine’s Day, Mom’s Day and Father’s Day.
“We will all fall into the entice of shopping for costly items to indicate how a lot we care. When you add up what you spend on items collectively over a complete 12 months, it may well put a critical dent in your financial savings. The excellent news is, it’s not arduous to maintain your spending in verify.”
