Originally published: Savings.com.au, 29 November 2021
Following a year of lockdowns, border closures and at-home spending, Australians are looking to spend their savings on experiences over products this summer.
New research commissioned by Mastercard and Pureprofile details the average Aussie consumer has saved approximately $5,000 since the pandemic began in March 2021 as many curbed their usual spending patterns and behaviours.
The study of 1,000 Australians found an overwhelming majority (94%) said they will shift away from their usual purchases to spend an additional $420 per month on experiences in a bid to make up for lost time and to reconnect with loved ones.
Mastercard noted top-ticket experiences on the lists of Australians include:
- Dining out at local restaurants and bars in groups of four or more (56%),
- Interstate and international travel bookings (62%),
- Local tourism activities (43%)
- Children’s school holiday activities (14%)
