[adning id=”12070″]

[adning id=”12070″]

Aussies estimate they’re owed $1,350 by their mates on average

As the season of splitting bills, shouting rounds, and group gifting ramps up, new research from PayPal reveals that Aussies stand to be significantly shortchanged by social sensitivity around asking to be paid back.

Left holding the bag short-handed

  • Half (50%) of Australians say they feel awkward or uncomfortable asking to be paid back, and two-in-five (44%) say they decide not to chase money they’re owed for that reason.
  • About half (46%) are prepared to wear the extra expense, paying for things like meals, coffee runs, or group activities, knowing they won’t be paid back in full by everyone.
  • All of this little loan forgiveness adds up, as Aussies estimate they are about $1,350 out of pocket on average from friends failing to settle up.
  • As a result, one-in-five (22%) say they decline activities with certain people because they know they won’t be reimbursed, and one-in-six (16%) avoid picking up the bill to prevent people from owing them money.
  • Aussies are more likely to be reimbursed by family members (64%) than by friends (56%).

The worst offenders and liabilities

  • Considering the people in their lives who are least likely to balance the books, half (50%) of Aussies say their friends are the worst at paying them back, followed by co-workers (22%) and adult children (17%).
  • When asked which situations are most likely to leave a hole in the budget, two-in-five (42%) say picking up the bill for a group meal, a third (32%) say picking up takeaway food for the crew, and about the same proportion (32%) named organising and buying a group gift.
  • The next activities most likely to leave us in the red are going for a coffee run (30%) and buying a round of drinks (29%).

Leave a Reply

Your email address will not be published. Required fields are marked *


Get breaking news delivered
This field is for validation purposes and should be left unchanged.


Austrade Approved Business Events
AVAILABLE NOW APPLY BEFORE 30th MARCH 2021 (Condition apply)

  • ABF Events are approved and listed below have been certified by Austrade on the Schedule of Approved Business Events.
  • This allows exhibitors, sponsors, delegates and partners to participate in the Business Events Grant Program. Note event bookings need to be confirmed ASAP to participate in the grant program
  • The program provides 50% rebate (based on a minimum spend of $20k) for approved items including ABF event-media packages, exhibition stands, corporate function tables, delegate registrations.
  • Govt Grant applications are now open until the 30 March. Please contact ABF to discuss how we can assist, we have experts to assist grant applications.
  • Grant funding will cover up to 50% of eligible expenditure incurred in participating at pre-approved business-to-business events as buyers or sellers during the 2021 calendar year.  All grant applications must be submitted for approval via the following link: https://business.gov.au/grants-and-programs/business-events-grants
  • For further information please see this fact sheet.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?