The Australian Bureau of Statistics (ABS) has released the results of its household expenditure survey for 2009-10 – the first of its kind in six years.
By detailing the division of costs between housing, medical care and other essentials goods and services, the data reveals some interesting patterns concerning the budgets of individuals and families.
The average weekly expenditure allocated to total medical expenses – which includes private health insurance – differs between states.
Households pay the highest amount in the Australian Capital Territory – $80.94 per week – with Tasmanians allocating the lowest – a weekly average of $50.27.
The overall expenditure on medical care and expenses has risen over 40 per cent in the last six years – highlighting the importance of ensuring the relevance and affordability of a private health cover policy.
Individuals and families in lower income brackets have been shown to spend less on health services compared to the wealthy.
Australians have seen increases across the board in all expense areas, with households now spending an average of $1,236 in necessary goods and services every week.
Currently, the greatest outlay is dedicated to housing – $223 per week – representing 18 per cent of total spending.