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Valentine’s day: How much Aussies plan to spend may take your breath away

Aussies looking to splash some cash on their beloved this Valentine's Day are cutting back this year, thanks to the soaring cost of living.

Eliza Bavin
·Personal Finance Editor
Updated ·2-min read
A composite image of two people holding hands underneath Valentine's Day decorations on a shop front and Australian money.
Many Aussies are planning to cut back this Valentine's day. (Source: Getty)

It’s that time of the year again when restaurants are filled with loved-up couples and florists have a field day. Valentine’s Day is approaching but Aussies are planning to cut back this year.

One in five (20 per cent) of Aussies have said they would be spending less on their significant other this Valentine’s day, according to new research by e-commerce platform Moonpig.

Of those looking to cut back, 48 per cent blamed inflation and the rising cost of living as the major driving factor. The average Aussies are looking to spend $62 each on Valentine’s Day this year.

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The study of more than 1,000 Australians also revealed many weren’t planning to spend anything at all, with 39 per cent tightening their belts entirely.

For some (39 per cent), this was motivated by the belief they didn’t need to prove their love through expensive gifts.

Others seemed to be even more unlucky in love, with 23 per cent saying they’d never received a gift or card on Valentine’s Day.

How are Aussies celebrating Valentine’s Day?

One in three Australians are planning on going on a date this Valentine’s, with 70 per cent of people saying going to dinner was their favourite romantic date.

More than a third (38 per cent) of Aussies admitted to having ‘intimate relations’ on Valentine’s Day.

And Valentine’s Day isn't just for the lovers, with one in six Aussies reporting their relationship with their friends is valued more than with their partner.

For those hoping to find love on Valentine’s Day, the nation’s favourite pick-up line has been revealed - "I hope you know CPR because you just took my breath away”.

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