Drinking: The price we pay | Compare The Market

Drinking: The price we pay

 
 
 
 
 

It’s estimated that Australians spend over $14 billion per year on alcohol, which may seem like a lot to some, and not enough to others. However, when you consider that it’s estimated Aussies spend the same on meat and seafood combined, it gives the spending on booze a little perspective. The cost of public transport may seem expensive, but when it’s estimated that Australians spend six times more on alcohol, it perhaps doesn’t seem like so much.

drinking_infographic

 

Singles & couples alcohol spending

So what does this $14 billion in spending mean for the average Australian? Well, on average a lone person under 35 years of age spends around $24 per week on alcohol. That’s about equivalent to a cinema ticket with popcorn each week. A couple under 25 spends just under double this on average, or $164 per month, that’s a really swanky date night, or perhaps even a night away.

Family alcohol expenditure

When families start to grow and kids come along the alcohol spending lessens considerably, around $104 per week for a family with children less than 5 years old. Even so, this is equivalent to around 335 nappies – which are always needed with little ones.
On average the spending on alcohol increases again once the kids get older, to around $35 per week. That could equate to a weekly bowling session for the whole family, or the cost of keeping everyone connected with mobiles and the home internet package.

How much alcohol is there?

Australia certainly has a lot of alcohol to go around. In 2013-2014 there were an estimated 183.7 million litres of pure alcohol available for consumption. That’s 9.7 litres per person, or 17 pints. Remember this is pure alcohol, not your regular 4% vol beer.
With Dry July upon us, perhaps this is the right time to take a look at spending on alcohol, and what it could be doing to your body. Significant savings can be made, both for your wallet and your health, so why not see if you can make savings this July, or any other time of year.

Author comparethemarket.com.au

Launched in September of 2012, Comparethemarket.com.au – operated by Compare the Market Pty Ltd (CTM) – has teamed up with a range of Australia’s insurance providers so you can compare some of the latest deals, in one place, side-by-side. The team behind comparethemarket.com.au have experience in insurance, comparison, customer service and digital. If this was a stuffy corporate monologue, we’d tell you that we’re a bunch of subject matter experts specialising in User Experience, Customer Insights & Online Strategies. But to be honest, it’s just as accurate (and a whole lot easier) to say that we’re a bunch of people who want to make your experience with online comparison better. We pride ourselves on the fact that we’re forward-thinking, that we share an entrepreneurial spirit, and the fact that we like to have a bit of a laugh too. We’re all a bit too addicted to chocolate, but no one’s perfect, really.

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