GOBBLING UP OUR SAVINGS
Fast food, dining out cost $640 million
BURGER loving Aussies are spending more than $640 million every month on greasy fast food and restaurants, new research shows.
Commonwealth Bank data reveals its average Aussie customer is spending about $90 a month on fast food, a 20 per cent increase since July 2015, and $143 each month on restaurants, up 6 per cent in two years.
On average, Victorians spend $79.89 a month on fast food, and $109.63 a month at restaurants — well below NSW big spenders who splurge $84.19 on fast food and $129.57 at restaurants.
In fact, despite our known obsession with cafe culture, Victorians spend less each month on fast food and restaurants than every state except Tasmania. Western Australians spent an average $129.26 a month on restaurants and $83.59 on fast food, compared to Queenslanders who spent $117.84 and $81.72 respectively.
Melbourne’s Tom Crantock said he splurged on fastfood at least three times a week for convenience.
“Burgers are definitely my go-to because there’s so much variety and I prefer to buy them than cooking,” he said.
“I know it’s probably better to cook but when there’s so many different options it’s just easier to eat out.”
The 24-year-old said he spends close to $150 a week on fast food.
“It varies depending on how often I buy food out but I definitely reckon it’s close to $150,” he said. “It’s not necessarily on bad takeaway but I often go the unhealthy option ... it’s just easier.”
But Mr Crantock’s girlfriend, Limy O’Donnell, said she only ate fast food when she was with her boyfriend.
“I don’t often get takeaway but when I do I always try to look for the healthiest option,” she said.
Commonwealth Bank executive general manager digital Pete Steel said dining out was most popular among millennials.
“People under 30 make up almost half of all fast food purchases, and a third of restaurants’ trade — interestingly, they’re not the ones spending the most money,” he said.
“Customers aged 40 to 45 spend the most, potentially because they are purchasing meals for a family. Those aged between 50 and 55 spend the most in restaurants.”
Tom Crantock and Limy O’Donnell enjoy a burger. Picture: SARAH MATRAY