A romantic state

Outsider interest rates inflation Phil Lowe

10 February 2023
| By Outsider |
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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. 

 

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