Gift Giving Has Gotten A Little Out Of Hand

This is such a relatable wig out.

Yeah.

I think that as things become more expensive and as our knowledge of like not wanting to be wasteful, those two things converging, gift giving has become so overwhelming and it's pretty hard to be unique as well these days.

So we have got a few ideas up our sleeve, but we might start with what Anon was kind of like wondering is where's everyone at at giving gifts? I'll tell you, I've got some stats.

Perfect.

Take it away.

Well, Australians spend nearly $20 billion a year on gifts.

$20 billion? Billion with a B.

That's what I said, billion.

Billion.

Billion.

That's about $1,200 each per year or $100 a month.

And that was also, just brace yourself, because that was recording to a research report by the Financial Planning Association of Australia in 2019.

Oh, so it's way more now.

We're like seven years on from that.

And I would say that number would have gone up so much because everything has become more expensive.

More expensive.

But at that time, the average Australian was spending the following on gifts for loved ones each year.

$437 for spouse or partner, $361 for own child, $201 per parent, and $115 for pets.

Kind of amazing.

Look, $20 billion is pretty crazy, but you can see – how that stacks up.

Because even if you're thinking about like friends, birthdays, going into pools for gifts, wedding presents in a card, like $1,000, $1,200 over a 12-month period, not difficult to

achieve.

And that's like averaging out.

Averaging out, yeah.