AUSSIES SPEND MORE ON GAMBLING THAN WATER AND POWER
30 October 2009
But the days of cheap water and electricity
may be numbered
The independent Australian company Commonwealth
Securities Limited (CommSec) has released some startling
figures on the gambling funds spent by Australians in
relation to other essential living costs like water and
electricity.
Analysing data from the Australian
Bureau of Statistics, Commsec found that on average the
Aussies live up to their international reputation as big
gamblers, spending more money on gambling than they put
aside for gas, electricity bills, phone bills, water and
petrol.
By the numbers, CommSec found the
average Australian household spent A$2292 on gambling in
the last year compared with A$1830 on gas and
electricity bills, A$2056 on petrol and A$1996 on
telephone and internet bills.
Craig James, chief
economist at CommSec called the figures "staggering".
"The money spent on gambling far exceeds the
total outlays on electricity and gas bills," he told
NineMSN news this week. "And only until recently outlays
on gambling exceeded that of electricity, gas and water
bills combined."
CommSec’s analysis also found
that Australians pay a relatively low amount for water,
with the average household spending A$634 per year on
water bills.
“The modest amount spent by the
average household on water and sewerage services seems
out of kilter with the relative scarcity of water,”
James said. “With population expected to continue rising
at a solid clip in coming years, it is likely that the
cost of water will have to rise substantially to ensure
that pricing reflects its relative scarcity.”
Households will also see utility bills rise by 14 -15
percent over the coming year due to the largest increase
in pricing for 26 years.
According to CommSec’s
analysis, that means households will need to find an
additional A$1830 to pay electricity, gas and fuel bills
and A$634 to pay water bills.
The question is,
will the increased cost of living deter Aussies from
gambling?
http://money.ninemsn.com.au/article.aspx?id=924240
Online Casino News Courtesy of
Infopowa
More news here.
Top of page |
Home |
News |
Forum |
Webcast |
Vortran |
Accredited Casinos |
Evil Ones |
Pitch a Bitch |
Online Gambling Resources |
Poker
|
