Father’s Day spending is expected to hit $1 billion this year, according to new research.
A new nationally representative survey of 1,058 respondents by Finder, revealed the average Australian celebrating Father’s Day was planning to spend $108 on their dad.
The research shows almost half of Australians (47 per cent) will be giving a Father’s Day gift this September, while the majority (53 per cent) won’t.
The top three most popular gifts for dads include clothing (9 per cent), a meal out (9 per cent) and something for his home or car (7 per cent).
Shopping expert at Finder Chris Jager said some Aussies spared no expense when it came to honouring their dads.
“Australians are feeling very generous this year to ensure Fathers Day is a special one,” Jager said.
“Many are still making up for lost time due to the COVID pandemic.”
Alcohol (7 per cent), homemade food or gifts (6 per cent) and chocolate (4 per cent) are other popular Father’s Day gifts.
Sons are planning to spend $124 on average, while daughters are planning to be a little more frugal, spending $91 on average.
Jager said there was still plenty of time to get a gift for dad.
“There’s about a week to go until Father’s Day, so if you haven’t organised something yet, it’s time to get cracking,” he said.
“For those who are a little tight on cash, something as simple as a home-cooked meal or a walk in the park is a great way to celebrate the day with dad.”
Finder’s research revealed those from New South Wales and Queensland were the most generous, and were planning to spend $113 on average on their fathers.
South Australians are the tightest, forking out just $85.