Happy family shopping is a common occurrence at many shops and restaurants around Australia, and in the last few years, it has become a way for families to spend money without the need to go to a store.
The Australian Bureau of Statistics reports that in 2014, an average of 2.9 million families visited family-owned or family-run shops and cafes, while another 1.9 billion people spent $100 or more at one place.
However, in a new report, the Australian Family Shopping Network (AFSN) and Family Choice Australia report that family shopping isn’t always about family spending.
It is about shopping for goods and services for family members, with more than half of all Australians saying that they shop with their family and friends, not with other family members.
But what does this mean for you?
Well, the AFSN and Family Change Australia report found that about one in four Australian families spend $300 or more on family-related products each year, and one in five spend $1,000 or more.
And that’s not all that surprising.
The AFTN’s director, Cathy Kavanagh, says families spend around $100 billion a year on family and related goods and costs, with the bulk of this money going to groceries and clothing.
“So if we think about the money we spend on a typical family, it’s almost double the average of the next 10 countries,” Ms Kavanah said.
“We think about that and the fact that we spend a third of that on food, and the other third of it on rent and the remainder on child care.”
She says many families have no idea how much of this is going on, and it’s important that we understand how much money is going to be spent by our children.
“What we know about family shopping has always been that it’s really expensive, so the next thing you know, it might be $300 for a Christmas tree,” Ms Tinsley said.
Topics:families,family-and-children,business-economics-and,family,people,family_and_children,australiaFirst posted January 05, 2020 16:26:25Contact Cathy Tinsly
