Household expenditure rises 38 per cent
Article by Mozo
Householders with credit and debit cards are spending an average of 38 per cent more on goods and services than they did in 2003-04, according to new figures.
Data from the Australian Bureau of Statistics (ABS) revealed that households spent $1,236 every week during 2009-10, up $343 on the amount recorded during the last survey.
Housing costs rose by 55 per cent, while the amount paid for food and alcohol increased by $51, a rise of 34 per cent.
However, while debit card customers may have spent a significantly larger sum last year, the consumer price index revealed that over this period there was only a 19 per cent rise in the cost of items.
The ABS explained that this difference in amount spent and the cost of goods suggests that there has been a "rise in real living standards over the last five years".
Earlier this month, a study conducted by GumTree Australia suggested that Aussies may have more to spend on their debit cards as the average person is selling $2,431 worth of their unwanted items each year.
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