03 December 2012, 031212, Christmas, Credit Cards, Spending
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.