Between iPhones, flat-screens and designer headphones, Australians are spending more on technology than ever. A new report from Suncorp Bank suggests Australian's have spent 50 per cent more on digital devices than they planned in the last year. The report found Australians spent $20 billion on digital devices and services - or on average $2,300 each - on technology and communication devices in the last 12 months. A new report from Suncorp Bank suggests Australian's have spent 50 per cent more on digital devices than they planned in the last year, with mobile phone bills as the biggest expense . Men spent twice as much as women on computers, digital accessories, mobile apps, and streaming services. On average, men spent $2618 over the last 12 months, $475 more than women. The report also found that families with children living at home are spending 50 per cent more to stay digitally connected to the world than singles, couples without children and empty nesters. 'The report found adults without children living at home spent an average of $2,006 on technology and communication each year, while those costs ballooned to $2,993 per adult if they have at least one child under their roof,' said Suncorp Bank Regional Manager, Monique Reynolds. The report also found that families with children living at home are spending 50 per cent more to stay digitally connected to the world than singles, couples without children and empty nesters . Despite the mounting costs, the report revealed over one third of households don't budget for technology or wildly underestimate how much they will spend. Mobile phone bills were the biggest expense, and also the biggest disparity for families. 'Call and data plans for phones and internet were the largest single expense for households, and accounted for the greatest spending divide, costing $244 extra for families with children at home.' Despite the mounting costs, the report revealed over one third of households don't budget for technology or wildly underestimate how much they will spend. 'A quarter of Australians who use these services have no idea how much they pay for them.'
A new report from Suncorp Bank found Australians spent $20 billion on technology in the past year.
Men spent twice as much as women on computers, digital accessories, mobile apps, and streaming services.
Families with children at home spend 50 per cent more to stay digitally than singles, couples without children and empty nesters.
One third of households don't budget for technology or wildly underestimate how much they will spend.