The Essential Report Archive Read the latest report

  • Dec, 2012

    , , , ,

    Christmas spending on credit cards

    Q. How much of your Christmas spending will you put on your credit cards?

     

    5 Dec 11

    3 Dec 12

    All or most of it

    23%

    26%

    A bit more than half

    7%

    8%

    About half

    9%

    7%

    A bit less than half

    5%

    5%

    Not much

    17%

    10%

    None of it

    37%

    36%

    Won’t be buying Christmas gifts

    na

    4%

    Don’t know

    3%

    4%

    41% say they will put at least half their Christmas spending on credit cards – and a further 15% will put some spending on their credit cards.

    Those most likely to use credit cards for at least half their spending were aged 35-44 (54%) and those least likely were aged 18-24 (18%). Those on higher incomes were much more likely to use their credit cards for Christmas spending – 55% of those on incomes over $1,600pw said they would put at least half on credit cards compared to only 20% of those on incomes under $600pw.

  • Dec, 2011

    , , , , , , , ,

    Christmas Spending on Credit Cards

    Q. How much of your Christmas spending do you put on your credit cards?

    All or most of it 23%
    A bit more than half 7%
    About half 9%
    A bit less than half 5%
    Not much 17%
    None of it 37%
    Don’t know 3%

    39% say they will put at least half their Christmas spending on credit cards – and a further 22% will put some spending on their credit cards.

    Those most likely to use credit cards for at least half their spending were aged 25-34 (49%) and those least likely to use credit cards for Christmas spending were aged 18-24 (22%). Those on higher incomes were much more likely to use their credit cards for Christmas spending – 54% of those on incomes over $1,600pw said they would put at least half on credit cards compared to only 18% of those on incomes under $600pw.

    41% of those who say they are very concerned about their level of credit card debt and 54% of those who are somewhat concerned say they will put at least half their Christmas spending on credit cards.

    Comments »

  • Dec, 2011

    , , , , , ,

    Credit Card Debt

    Q. How concerned are you about the amount you currently owe on your credit cards?

    Very concerned 11%
    Somewhat concerned 16%
    Not very concerned 27%
    Don’t owe anything on credit cards 44%
    Don’t know 1%

    27% say they are very or somewhat concerned about the amount they owe on their credit cards. Those most concerned were aged 35-44 (35%) and full-time workers (35%). There was little difference across income groups.

    12% of those who intend to put more than half their Christmas spending on credit cards say they are very concerned about their current credit card debt and 23% are somewhat concerned.

    Comments »

Error: