Australians who have left their Christmas shopping to the last minute are in for a world of pain as millions of people across the country are spending late.
Shoppers are expected to head to stores in droves in the five days leading up to Christmas, with more than 30 million transactions during that time period according to NAB credit and debit card data.
December 23 will be the busiest day of the festive season, with Australians spending $4.8 billion in 24 hours.
NAB predicts this figure is up 15% on the same day in 2021 when $4.2 billion was spent.
A big chunk will come from workers heading for lunchtime gifts, with more than $400 million to be spent in that 60-minute window between 12 and 1 p.m., compared to the hourly average of $200 million dollars for the rest of the day.
The last-minute rush has not helped with Christmas falling on a weekend, according to NAB chief executive Kylie Young.
“With Christmas this year falling on a Sunday, many of us will be putting off our shopping until Friday and embracing the last-minute rush, especially at lunchtime,” Ms Young said.
“It can be easy to get carried away and overspend, or buy more than you need, so it’s important to set a budget and have a plan, both for what to buy and how you’ll pay.”
Shoppers in some Melbourne and Sydney suburbs top the country, with Victorians spending $547.5 million in 2021, followed by NSW residents at $529.7 million and Queenslanders at $422, 8 million dollars.
In Victoria, the top buyers live in Point Cook, followed by Melbourne, Brighton, Berwick and Werribee.
In NSW, after Mosman, the state’s top shoppers live in Dubbo, Port Macquarie, Orange and Sydney.
Originally posted as the worst day to go Christmas shopping