Mozo : 2017 Cost of Lifestyle - Key Findings Report

Posted by Pureprofile on September 6, 2017

Aussies will spend an eye-watering $145 billion this year on lifestyle costs, with the average spend remaining stable at $7,800.

Originally published: Mozo, September 2017

Mozo’s annual Cost of Lifestyle report has revealed some sobering truths when it comes to the superfluous spending habits of Aussies in 2017. Here is a quick overview of the four main areas of lifestyle-related expenditure:

  • We’re spending a whole lot of our cash on fashion with $21.5 billion spent on clothing and shoes.
  • We’re obsessed with eating out at cafes and restaurants with five of the top ten lifestyle costs food or coffee-related.
  • Three of the top ten lifestyle costs are our guilty pleasures, with our vices producing a $23.2 billion drain on our wallets.
  • We’re investing in our health more through an $8.6 billion expenditure on sportswear and gym memberships.

Continue reading for a full breakdown of the report findings. Read more >

Topics: News

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