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Australians’ weekly spending based on life stage

  • January 24 2020
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Australians’ weekly spending based on life stage

By Louise Chan
January 24 2020

According to ABS data, Australian households spent $1,425 per week*.

weekly spending

Australians’ weekly spending based on life stage

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  • January 24 2020
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According to ABS data, Australian households spent $1,425 per week*.

weekly spending
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On average, more than half of household expenses were spent on housing, food and beverage, and transportation.

Housing expenses – which include the costs for rent, mortgage and interest payments, insurance premiums, repairs and maintenance – accounted for 20 per cent of household weekly spending.

This is followed by food and non-alcoholic beverages at 17 per cent. Transport costs – which include vehicle purchase, repairs and maintenance expenses, as well as public transport costs – take up 15 per cent of the weekly household spending.

Weekly spending by life stage

Statistics likewise reveal how the household composition influences weekly spending.

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For instance, the difference between the lowest and highest weekly spenders amounts to $1,236. A lone person under 35 years old spends $849 weekly, while couples with kids between five and 14 years old spend $2,085 weekly.

Lone persons spent $23 per week on medical and health, $97 on transport and $18 on clothing and footwear.

In comparison, couples with young kids spent $104 weekly on medical and health – 352.2 per cent more. Likewise, transport cost 201 per cent more for couples at $292 per week, while clothing and footwear expense increased to $61 per week – 238.89 per cent.

Despite this, housing was the second least expensive for couples with young kids, at $355 per week. Couples with kids under five years old outspent all other life stages in the housing category, spending as much as $458 per week.

But when it comes to alcohol expense, couples with kids 15 years old and above took the top spot with their $47 weekly alcohol spend. Likewise, this life stage recorded the highest medical and health expense spend at $110.

Explore nestegg to know more about spending.

*According to ABS data for the 12 months through to June 2016.

Australians’ weekly spending based on life stage
weekly spending
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About the author

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Louise is a content producer for Momentum Media’s nestegg who likes keeping up-to-date with all the ways people can work towards financial stability in 2019. She also enjoys turning complex information into easy-to-digest, practical tips to help those who want to achieve financial independence.

About the author

Louise is a content producer for Momentum Media’s nestegg who likes keeping up-to-date with all the ways people can work towards financial stability in 2019. She also enjoys turning complex information into easy-to-digest, practical tips to help those who want to achieve financial independence.

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