B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Aging
9.3%
9.3% -- daily spend growth rate for Australian households (2024-10)
The daily average spend of Australian households increased year-on-year by 9.3% in October 2024 compared to $60.52 in September 2023.
- Based on transaction data from over 437,000 Beforepay users rather than a nationally representative census sample
Attribution:
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Lighthouse Research Team
Last verified:
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Source verified
Evidence graded
Value
9.3%
Unit
Percentage
Data Vintage
2024-10
Entity
Sample Size
437,000
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
95
Source Trust
60
Citation Chain
20
Independence
30
Methodology
45
Freshness
95
Source
Beforepay
Primary
Tier A
https://www.beforepay.com.au/blogs/october-2024-beforepay-cost-of-living-index ↗
Source Article
Australian Spending Trends: October 2024 Cost of Living Index
The latest Beforepay Cost of Living Index shows that Australian households saw a modest decrease in daily average spending in October, down 0.8% to $66.15 from $66.69 in September. A 7.1% drop in petrol and auto expenses drove the overall decrease, following recent petrol price changes. As we saw th…
Original Research
Beforepay
· Original study ↗
Methodology
Year-on-year comparison from $60.52 in September 2023; Beforepay user spending data
Methodology documented
Segmentation
Industrymarketing
Cite this stat
Plain Text
Australian households: 9.3% daily spend growth rate. Source: Beforepay (2024-10). Via Lighthouse Intelligence -- https://lighthousedata.io/data/australia-daily-spend-yoy-growth-2024
HTML Embed
<blockquote cite="https://lighthousedata.io/data/australia-daily-spend-yoy-growth-2024" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>9.3%</strong> -- daily spend growth rate for Australian households<br><small>Source: Beforepay (2024-10) · <a href="https://lighthousedata.io/data/australia-daily-spend-yoy-growth-2024" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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