Home » Finance » Costs » Millions of Australians cutting back on essentials to afford Christmas

Millions of Australians cutting back on essentials to afford Christmas

by admin
0 comment 0 views

Christmas is one of the happiest times of the year, but as the cost-of-living crisis worsens, millions of Australians are giving up essentials to put presents under the tree.

As the cost-of-living crisis continues its grip on the country, millions of Australians are struggling to pay for their bills, rent and mortgage in the lead-up to Christmas.

It’s become so extreme that one in four parents are unsure if they can provide gifts for their children.

New research from The Salvation Army revealed approximately 6.3 million Australians are struggling financially during the festive period, leaving more than one-third (39 per cent) going without holidays just so they can afford to pay for Christmas.

Millions of Australians cutting back on essentials to afford Christmas

One in four Australian parents aren’t sure they can afford to buy their kids Christmas presents this year. Picture: NewsWire / Luis Enrique Ascui

According to Major Warren Elliott, the number of people seeking out The Salvation Army for help has reached unprecedented levels, making it one of the “hardest” Christmases for the charity in its 140-year history.

“The numbers are just going through the roof, and they have been for a few years now, and they just keep going up at Christmas time as more people, particularly over these last two years, have been feeling the squeeze,” he told 9News.

This study comes off the back of increasing supermarket prices, which have seen a 33 per cent increase over the span of three years, leaving millions of Australians struggling to put food on the table.

It’s not just keeping food in their bellies; Aussies are also struggling to keep a roof over their heads, as rental prices skyrocket across the country.

Research from realestate.com.au found that the median weekly rent is now 45 per cent higher than in March 2020.

One-third of respondents also revealed their rent had increased in the past six months, with half saying it was more expensive than they expected.

Millions of Australians cutting back on essentials to afford Christmas

The Salvation Army is anticipating more Australians seeking help this year than ever before. Picture: NewsWire / Josie Hayden

Millions of Australians cutting back on essentials to afford Christmas

Major Warren Elliott said people are putting themselves through financial distress just so they can put presents under the Christmas tree. Picture: Facebook

With so many people feeling the pinch this festive season, The Salvation Army is anticipating 1.9 million people turning to a charity this year, half of which are seeking help for the first time.

With the festive season hot on our heels, millions of families make financial sacrifices so they can ensure their children find presents under their tree.

According to the Salvation Army research, 19.2 per cent of Australians will forgo paying their medical bills so they can spend their money on gifts.

“The number of people that are cutting back over Christmas and saying they’re not going to have as much food or not going to have as many presents,” Mr Elliot said.

He has seen Australians forgo important payments in an effort to “just get through Christmas”.

“People are putting themselves into financial difficulty … just to make sure that the kids have something,” Mr Elliot said.

“That concerns me that people will do that. We are saying if people are doing those things, let us help.”

The Salvation Army is currently raising $27 million for hampers, shelter, clothing and food to help support struggling Australians.

You may also like

Leave a Comment

About Us

Our website is your guide to the world of Australian finance and business. We deliver up-to-date economic news, market analysis, stock trends, and insights into property, investments, and banking.

Feature Posts

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2024 – All Right Reserved. ABC Australia – Australian financial and business news.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept No accept

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?