It’s that time of the year again when restaurants are filled with loved-up couples, and florists have a field day. Valentine’s Day is approaching, but Aussies are planning to cut back this year. One in five (20 percent) of Aussies have said they would be spending less on their significant other this Valentine’s Day, according to new research by the e-commerce platform Moonpig.
Of those looking to cut back, 48 percent blamed inflation and the rising cost of living as the major driving factor. The average Aussies are looking to spend $62 each on Valentine’s Day this year.
The study of more than 1,000 Australians also revealed many weren’t planning to spend anything at all, with 39 percent tightening their belts entirely.
For some (39 percent), this was motivated by the belief they didn’t need to prove their love through expensive gifts. Others seemed to be even more unlucky in love, with 23 percent saying they’d never received a gift or card on Valentine’s Day.
Read more at au.finance.yahoo.com