The great Aussie shout is under threat, with more young Australians splitting bills when they go out, in response to the cost-of-living crisis.
New NAB Economic data shows almost three-quarters (72 percent) of Aussies aged 18 to 29 years, were more likely to skip shouting their mates and just pay their own way.
NAB Personal Everyday Banking Executive Kylie Young said the concept of going dutch was not as strong among Baby Boomers, with only 32 percent of over 65s saying the rising cost-of-living made them more likely to split a bill.
Ms Young said, overall, more than half the adults surveyed (54 percent) said they were more likely to skip shouting their mates these days.
“The latest data also showed the push to split bills was least common among Australians in the lowest income group (39 percent) and stepped up in each income group, to 63 percent for Australians in the highest income group.”
Ms Young said women more likely to split the bill than men, while nearly four in 10 adults (37 percent) preferring one person pick up the bill and they transfer money.
“The move toward splitting bills was reflective of the younger generation adapting to the rising cost of living.
“Young Australians are embracing loud budgeting and getting more comfortable with talking about their financials. It isn’t surprising that extends to splitting the bill, as they confidently step away from the social pressure of ‘shouting a round’,” Ms Young said.
