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.
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.
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.
Essential Report
Two Party Preferred: 20 May 2013
In this week's report:
3Q: Latest episodes
-
Essential Report with EMC’s Peter Lewis and Jackie Woods
Comments19 Sep 2012Lewis and Woods talk through this week’s polling numbers: voting intention, leader attributes, drug laws in Australia, and more…
-
Are we ready for the grey revolution?
Comments12 Sep 2012Ken Morrison says our cities need to be transformed for our ageing population – and it’s not solely about nursing homes.
-
Ships, trains and submarines — can we build them here?
Comments11 Sep 2012Tim Ayres wishes Clive Palmer and other mining giants would give local manufacturers a go instead of heading overseas.
-
Do we undervalue our public sector innovations?
Comments11 Sep 2012Nadine Flood questions whether governments take our science and other publicly funded breakthroughs for granted.
Essential Tags
Recent Comments
- Workers Care About Kids At Risk on Would You Ask Your Grandmother To Live On $35 A Day?
- Morgan on Federal politics – voting intention
- Krusha on Time for Activities
- Jonathan Tasini on We Can’t Eat Austerity
- Clarkejeremy3 on We Can’t Eat Austerity
