A romantic state

Outsider interest rates inflation Phil Lowe

10 February 2023
| By Outsider |
image
image
expand image

With Valentines’ Day just around the corner, Outsider had better get his thinking cap on as to what he can buy for Mrs O this year.

Perhaps he should ask his West Australian counterpart after a survey by Roy Morgan found 23% of people living on our Western seaboard were expecting to spend over $200 on their partners for Valentines Day.

This compared to 13% nationally and 15% in Outsider’s home state of New South Wales.

On the other hand, for those living in South Australia, 85% of people said they would be spending less than $100 on their partners.

Our West Australian friends were also more likely to buy jewelry for their partners at 30% compared to 9% nationally, while over half of people in Queensland said they expected to buy flowers.

However, with interest rates continuing to rise to 3.35% and further rate hikes to come, Outsider expects there will be many households this year having to spend their dollars paying off debts rather than a dinner.

Outsider wonders what Mrs Philip Lowe will be receiving for Valentines. 

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

3 weeks 1 day ago

Interesting. Would be good to know the details of the StrategyOne deal....

3 weeks 5 days ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

1 month 2 weeks ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 day 12 hours ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 weeks 4 days ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

3 weeks 3 days ago

TOP PERFORMING FUNDS