Struggling Aussies 'still keen to splash out'

Thursday 01 December 2011

Article by Mozo

A growing number of Aussies admit their savings accounts are not looking too clever at the moment, but this does not stop them from splashing out on non-essential items.

Struggling Aussies 'still keen to splash out'

According to a new study conducted by news.com.au, the vast majority of more than 21,500 respondents said they are struggling financially, but they still like to treat themselves.

The Cost of Living Survey found 80 per cent of Australians have bought something that may be considered as a luxury item. Most admitted to buying electrical goods, holidays and accessories for their homes.

Savanth Sebastian – an economist at Commsec – told the news provider that although plenty of Aussies are finding it difficult to make ends meet, most of them still have a keen eye for a bargain.

The latest study conducted by IBISWorld indicated more people will be increasingly careful about how much they spend this Christmas, with one-third of survey respondents stating they plan to shell out less this year than they did in 2010.

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