Men who have accessed their superannuation early during the coronavirus crisis have increased their spending on gambling by almost twice as much as women, new data shows.
Women spent nearly one-fifth more than men on food and clothing, and 25 per cent extra on utility bills.
They also spent twice as much as men on beauty and personal care products, according to analysis by credit bureau illion and economic consultants AlphaBeta.
Based on the anonymised banking transactions of 13,000 people who have taken advantage of the early super access scheme, the data comes just two weeks after a similar report found members had spent 64 per cent of withdrawals on non-essentials such as clothing, alcohol and gambling.
The high levels of discretion…
Read the full article at: https://thenewdaily.com.au/finance/superannuation/2020/06/15/early-super-access-gambling-surge/