Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Finder consumer Christmas spending report 2020
Kiwi shoppers will be spending an average of $352 on Christmas presents this year.
Will New Zealanders be treating each other (and themselves) after a difficult year? Have we set some money aside for the holiday season, or will we be putting our spending on plastic? Finder surveyed over 2,000 New Zealanders aged 18 and above to find out.
How much is the average Kiwi shopper planning to spend?
The average New Zealander estimates they will spend $1,012 on festive purchases this holidays, with Christmas gifts expected to be biggest expense ($352). Travel was the second biggest Christmas outgoing with an average spend of $326, while food averaged out at $238.
Spending by generation
Gen X’ers are planning to spend the most this Christmas, budgeting for around $1,096 on average, followed by those in Gen Y ($1,052).
Gen Z is planning to fork out the least, at just $804 per person on average.
|Item||Baby boomers (born 1959 or earlier)||Gen X (1960-1979)||Gen Y (1980-1994)||Gen Z (1995 or later)|
How will Kiwis pay for their Christmas purchases?
When it comes to funding Christmas, the large majority of people (73%) will rely on their savings. Almost 1 in 5 (19%) will pay for their festive purchases using a credit card, while 7% will use a buy-now, pay-later service like Afterpay or Laybuy.
Just 1% will borrow money off family and/or friends to fund their Christmas.
The cost of Christmas dinner
Food is one of the best parts of the festive season. But how much does it cost to cook a Christmas meal in New Zealand? Using data from Stats NZ’s October Food Price Index 2020, Finder calculated the cost of ingredients for a no-frills Christmas meal for 4 people, including salad, meat, vegetables, dessert and non-alcoholic drinks.
The analysis found that it would cost approximately $47.89 (excluding alcohol) to prepare a basic festive meal. This is an increase of 5% when compared to the cost of the same meal in 2015.
All I want for Christmas is… gift ideas?
Google search trends can provide a fascinating insight into what the country is occupied with at any moment in time. The table below lists the top search terms related to ‘Christmas’ that Kiwis have been searching for over the last 7 days in the category of shopping. The table is automatically updated and is always presenting the most up-to-date data available from Google.
At the point of writing, it seems that more than anything we want some inspiration on what to get for our loved ones this Christmas.
- This study was designed by Finder and conducted by Qualtrics, a SAP company.
- The online survey was conducted using a nationally representative sample of 2,001 New Zealand residents aged 18 and over
- National spend figures have been calculated based on the proportion of people planning to spend for each category
- National population figure used is 3,682,899 (total over 18), courtesy of Stats NZ
- Search trend data is provided by Google Trends
More guides on Finder
The rise of fin-fluencers: 44% of gen Z investors get money tips on social media
Social media is the number 1 source of investing advice among young adults in New Zealand, according to new research from Finder.
Share trading statistics New Zealand
Find out how Kiwis are investing their money, why they choose to invest and why many are still reluctant with our share trading statistics.
RBNZ Survey: 82% of experts believe inflation has hit its peak
While inflation has likely hit its peak, homeowners should brace for further hikes to their mortgage repayments, according to the latest Finder RBNZ Official Cash Rate Survey.
RBNZ Survey: 73% of experts expect a recession before 2025
As a recession looms, homeowners can expect further hikes to their mortgage repayments, according to Finder’s RBNZ Official Cash Rate Survey.
Boozy browsing: 37% of Kiwis have shopped online while drunk
More than a third of New Zealanders have drunkenly shopped online, according to new research by global comparison site Finder.
RBNZ Survey: 64% of experts say rising inflation will push more Kiwis into debt
Soaring inflation and cost of living pressures will see many households pushed to the financial limit, according to experts.
RBNZ Survey: Major city house prices tipped to drop by as much as $32,000
Soaring property prices are finally set to ease, with no price increases predicted for the rest of the year, according to experts from Finder’s RBNZ OCR Survey.
Bank of Mum and Dad: 1 million Kiwi parents subsidise their adult kids
From buying a home to help with the groceries, the Bank of Mum and Dad is in full swing in New Zealand, according to Finder research.
Bank of Mum and Dad in New Zealand
Financial support doesn’t always stop once kids reach adulthood. More than 1 million Kiwi parents are operating the Bank of Mum and Dad.
A whole lotta love: Kiwis plan to spend $796 million on Valentine’s Day
Valentine’s Day is set to be a big occasion this year, according to new research from global comparison site Finder.