Pureprofile Study: Two-Thirds Of Aussies Set To Curtail Spending This Christmas
New research conducted by global data and insights company, Pureprofile Limited, reveals that another tight Christmas is on the books as rising prices continue to eat into Australians’ Christmas budget and fuel financial pressure concerns.
Now in its fifth year, Pureprofile’s 2023 Christmas Report is a global report based on the insights of 4500 panel members from Australia, New Zealand, the UK, the USA and Singapore. It found that the majority of Australians (65 per cent) were curtailing their festive season celebrations, with 42 per cent expecting to buy fewer gifts and 60 per cent avoiding travel to cut down on discretionary spending. Despite having to work within tighter budgets this year, over half (54 per cent) of Australians are still feeling positive about the holidays.
This is in line with most countries, with 65 per cent of those in New Zealand, 57 per cent of those in the UK, and a significant 73 per cent of Singaporeans reporting that they expect cost of living concerns to hold back their Christmas spending this year. The outlier is America, with 53 per cent stating that the increased cost of living will not impact their spending.
Preparations for Christmas Day
Food will be a focus this festive season as 43 of Aussies choose to spend less on food and drinks; this is up from 37 per cent in 2022 and 28 per cent in 2021. While the average food and drink budget ($306) is level with the previous two years ($310 in 2021 and $302 in 2022), one in four are also looking to find cheaper alternatives as Australians continue to battle rising grocery prices. In fact, 20 per cent reported that their ultimate holiday wish would be the gift of cheaper groceries this year.
After a surge of enthusiasm for early Christmas shopping in 2022, only 67 per cent will shop for presents in November or earlier. This is down from 72 per cent in 2022 and 69 per cent in 2021. Globally, most people intend to shop between November and early December, but a significant proportion of Americans plan to leave their shopping until the week before Christmas.
Pureprofile’s CEO, Martin Filz, said, “This marks our fourth consecutive Christmas season characterised by tighter budgets and reduced spending. While this is not surprising, it is interesting to note where Australians are making the most cuts – discretionary spending on travel and gifts are often the first to be reduced in challenging times. However, we’re also now looking to the likes of essentials like food and drink to recoup some celebration costs. We’re seeing a thriftier Australia that’s placing an emphasis on thoughtful and intentional spending; where the holiday spirit is retained, but celebrations take on a simpler, more meaningful tone.”
“As needs and priorities continue to evolve this festive season and in the future, it’s imperative that businesses, policymakers, and government agencies remain deeply attuned to consumer sentiments and trends. The data from our Christmas Report underscores the dynamic nature of consumer behaviour and stresses the importance of agility and adaptability. By staying in tune with consumers and leveraging insights to shape strategies, we can better support during these changing times.”
Gifts underneath the tree
Similar to last year, Aussies are more intentional about making their money count, spending on those that matter most by buying fewer gifts (42 per cent) or choosing only to buy gifts for their children (22 per cent). Gift budgets have also decreased for the second year in a row, from $430 in 2021, $424 in 2022 to $388 in 2023.
Gifting budgets have also seen a decline in New Zealand ($47 less) and the UK (£3 less). Meanwhile, America’s average gifting budget was $420, and Singapore’s was $223.
Gift preferences among Aussies, however, have remained relatively stable compared to previous years, with gift cards and money being the most sought-after gifts to give (47 per cent and 24 per cent respectively) and receive (44 per cent and 36 per cent respectively). Other desired gifts this year are clothes and shoes (28 per cent) and food or drinks (27 per cent). Those in New Zealand and Singapore also reported to prefer gift cards and money, while the UK and the USA wanted clothes and shoes.
Out of the five countries, America was found to have the strongest gifting culture, whereas Australia was the weakest.
‘I’ll be at home for Christmas’
Globally, around half of the population intends to travel for Christmas 2023. Only a small group ( less than 10 per cent) will travel internationally in most nations, except Singapore where almost a quarter of people intend to travel abroad.
However, Australian social media feeds will be notably empty of jet-setting scenes this December. The majority of Aussies (60 per cent) will stay local for the holidays, and only one in three will travel locally or interstate.
Most (56 per cent) Aussies also report that they will spend Christmas Day enjoying a meal with their family at home, while a few will spend a hot day at the beach (11 per cent), opt for a wilderness cabin in the snow (11 per cent) or head out for a fancy dinner (10 per cent). Surprisingly, 12 per cent would want to spend time alone.
Outside of personal celebrations, the report also revealed that 45 per cent of Australians are expecting their workplace to trim expenses for this year’s Christmas party, with almost a quarter (24 per cent) expecting no party at all.
Latest News
Kantar: AVOD Subscribers Double In 12 Months
Study finds Aussies happy to watch ads on their streaming services. Or, are they just putting the kettle on more often?
Val Morgan Digital Exceeds All Campaign Uplift Benchmarks Via A 12-Month Brand Metrics Study
Val Morgan announces it has exceeded all its campaign benchmarks. Still can't get under an hour for the City To Surf.
Australian Retirement Trust launches monster of a campaign, by M&C Saatchi and Bohemia
Get offered a seat on the bus today? Knees creak like an old pirate's galleon? This retirement ad may be of interest.
Print Audits To Discontinue As Audited Media Association Of Australia Pivots To Support Influencer Marketing
Is it just B&T or are audits in the media industry suddenly becoming murkier than Roxy's husband's tax returns?
News Corp Australia Launches 2024 National Education Advocacy Initiative With Expanded Program
News Corp set to shine a light on the nation's schools in new series, giving illegal bikie gangs a well-earned rest.
Decoding The Consumer Maze: Urban List Report Reveals How Modern Shoppers Spiral From Discovery To Purchase
Latest report unravels a shopper's journey from the joy of discovery through to a nasty letter from a debt collector.
Cosmo Returns To Australia!
Ever get the feeling we've weirdly warped back to 1988 at the moment? Confirm it with the relaunch of Cosmo in print.
People & Culture Consultancy Human Kind Collective Launches To Plug HR Gap For Media Agencies
Does the very mention of HR have you struggling to remember last year's Christmas party? Get the sweats with this news.
‘We Want To Be A Growth Partner, Not Just A Media Buyer Or Someone That Makes Ads’ – Bohemia Boss On Agency’s Ambition
B&T's chatting with Bohemia boss Paul ‘Hutch’ Hutchison. Although we do think 'the dagger' a far superior nickname.
Initiative’s Geoff Clarke: ‘Youth Hits Targets With Enthusiasm, Experience Hits The Targets You Can’t See’
Initiative’s CCO Geoff Clarke on the value of experience in agencies. Not to mention quoting lines from Pulp Fiction.
The Iconic Teams Up With 5 Aussie Athletes For Latest Campaign
Fashion label brings in the athletes for new campaign, many of whom appear to have prepped with re-runs of Zoolander.
Seven West Media Secures New Director Of News & Current Affairs
After a tumultuous few weeks, Seven unveils director of news & current affairs. And B&T never uses tumultuous lightly.
Seven Network Expands NSW Sales Team With Two New Group Business Directors
Seven ramps up its NSW sales team. Both of whom are well versed in pronouncing Manu Feildel's croque-monsieur.
New PR Subscription Changing The Game For Aussie Start Ups
Need better PR? You can now buy it via a monthly subscription. Price does not include a fascinator or Moet piccolos.
Paul Kent At Centre Of Fresh Scandal After Alleged Street Brawl
Do you long for the fights, gouges & testicle grabs of footy's glory years? So too, it appears, does Paul Kent.
DiDi Taps Disney’s Tim Farmer For Head Of Brand Marketing Role
Disney's Tim Farmer shifts over to rideshare company DiDi. Taking with him his Donald Duck coffee mug & mouse ears.
As Sure As Night Becomes Day, The End Of Third-Party Cookies Has Been Delayed
The question remains: what will we see first? The end of cookies, alien invasion or Jesus's second coming?
Fast 10: Scoundrel’s Tim Bullock Explains What Shane Warne & Salt-N-Pepa Have In Common
It's a Fast 10 with Scoundrel's Tim Bullock. Make it sound even faster by sucking on helium while reading it.
Outbrain Snatches Chris Oxley From Foxtel Media
Foxtel's Chris Oxley shifts over to Outbrain, but not before having his press photo taken in the wilds of the Daintree.
oOh!media & POLY Partner With Greening Australia For OOH Awareness Campaign
Like to quell the road rage with super cute pics of fluffy marsupials? This outdoor's just the ticket.
Are Media Cares For The Carers In Its Latest Social Change Campaign
Are Media calls on the government to add super payments to carers' payments. Remains silent on AUKUS, however.
In A Fragmented World, Engagement Is King
Today, B&T TV's talking fragmentation & engagement. But not in a down-on-one-knee sense of the word.
Kyle Sandilands On Advertising: “We Want Return Business. It’s No Good Just Taking Someone’s Money”
Kyle & Jackie O finally arrive on Melbourne radio. As yet, no sign of the monotonous and bitter AFL-NRL debate.
Sydney Comedy Festival: Taking The City & Social Media By Storm
Sydney Comedy Festival 2024 is live and ready to rumble, showing the best of international and homegrown talent at a host of venues around town. As usual, it’s hot on the heels of its big sister, the giant that is the Melbourne International Comedy Festival, picking up some acts as they continue on their own […]
Global Marketers Descend For AANA’s RESET For Growth
The Australian Association of National Advertisers (AANA) has announced the final epic lineup of local and global marketing powerhouses for RESET for Growth 2024. Lead image: Josh Faulks, chief executive officer, AANA Back in 2000, a woman with no business experience opened her first juice bar in Adelaide. The idea was brilliantly simple: make healthy […]
Is Meta’s New AI Chatbot Too Left-Wing?
Meta's chatbot accused of being left-wing after being caught wearing a Che Guevara T-shirt & listening to Billy Bragg.
TV Ratings (23/04/2024): Why Did No One Tell Angela That Farmer Wants A Wife Is Set On A Farm?
As wonderful as this headline is, let's face it, we all know an 'Angela', don't we?
PubMatic Unveils New AI Partnership To Turn Social Posts Into Ads For Any Digital Channel
Here's some nifty tech for turning social posts into ads. Assuming said posts aren't one-star character assassinations.
Intuit Mailchimp Makes A Splash With Its First Australian Brand Campaign
Ever laugh along at a gag you didn't get so as not to appear dumb? Get ready for more feigning with this new work.
GumGum’s Rob Hall: Advertisers Can No Longer “Rely On Binary Descriptions” Of Consumers
If anyone's got their finger on adtech's pulse, it's Rob Hall. He also avoids using the good paper in the office printer
Mastercard Nabs Florencia Aimo From Marriott International
Marriott International's Florencia Aimo jumps from the hotel business to the exploitative credit card one.
Bastion Agency Appoints Cheuk Chiang As New ANZ CEO
Cheuk Chiang takes the reins over at Bastion Agency. But not the rains down in Africa.
Spotlight On Sponsors: Major Sponsorship Wins After A Disappointing Week In Sport
B&T continuing our deep dive into local sport sponsorships & that's despite not a single offer of a free ticket as yet.
Macca’s Marketing Director, Samantha McLeod On Big Mac Chant: “What Was Once Old Is Now Cool Again”
Macca's using the power of nostalgia in latest Big Mac campaign. Well, only for those who've ever eaten one sober.
World Premiere Of Midnight Oil: The Hardest Line To Open Sydney Film Festival 2024
Oil's biopic to open Sydney Film Festival. Here's hoping Molly Meldrum will take his pants down at the premiere.
Entries Are Now Open For The 2024 Brandies, IntelligenceBank’s Annual Brand Marketing Awards
The Brandies are, of course, a prestigious marketing gong and not the mystery tipple favoured by nannas everywhere.