Australians prefer to spend their tax returns on travel, a new survey has found.
The survey of over 1,000 Australians, conducted by Lonergan Research in July, revealed that travel is the number one priority when it comes to spending tax return for Aussies.
Furthermore, almost half (48 per cent) of the respondents said they would rather spend their tax returns on traveling rather than paying off debts or credit cards.
Other interesting findings include:
- 86 per cent of Australians would rather spend their tax refund on travel than partying and nights out
- Three out of five Australians would rather spend their tax return on travel over making investments
- Almost half (47 per cent) of Australians expecting a tax refund plan to use at least some of it for travelling
- Three out of four Australians would rather spend money on experiences than things
Adrian Piotto, managing director at travel company G Adventures which commissioned the survey, said the results confirmed that Australians prioritised having new experiences and making memories.
“In an age of consumerism, this research tells us that Australians want their hard-earned money to go to something more meaningful,” said Piotto. “We know the power that a life-changing travel experience can have.”