Wednesday, June 19, 2024

Aussies tipped to spend $1 billion on Father’s Day

The average Australian will fork out $108 on their dad according to new research by comparison site Finder.

A nationally representative survey of 1,058 respondents revealed that Father’s Day spending is expected to hit $1 billion this year, despite only 47% of Australians planning to give a gift.

The top three most popular gifts for dads include clothing (9%), a meal out (9%) and something for his home or car (7%). Alcohol (7%), homemade food or gifts (6%) and chocolate (4%) are other popular Father’s Day gifts.

Chris Jager, shopping expert at Finder, says some Aussies spare no expense when it comes to honouring dads.

“Australians are feeling very generous this year to ensure Father’s Day is a special one,” he says. “Many are still making up for lost time due to the Covid pandemic.”

Sons are more generous, planning to spend $124 on average, compared to $91 by daughters.

Finder’s research also reveals those from New South Wales and Queensland are the most generous, with those from both states planning to spend $113 on average on their fathers. South Australians are the tightest, forking out just $85.

The news follows findings released by Australian Retailers Association (ARA) in collaboration with Roy Morgan earlier this month that found Father’s Day gift spending is being impacted by the rising cost of living.

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