Survey: This is What Austrians Use Their Christmas Bonus For

A recent survey by Innofact AG for ImmoScout24 shows that around 10 percent of the Christmas bonus goes into the homes of Austrians, whether it's for repairs, renovation, new furniture or moving and deposit. With 21 percent, saving or investing is in first place and 15 percent of respondents say they use their Christmas bonus for gifts, celebrations and the festive season.

Around Ten Percent of the Christmas Bonus Goes into One's Own Home

Many benefit from the Christmas bonus in their own home: 6 percent of Austrians plan to invest the extra payment in renovations, conversions or the renovation of their own four walls. Whether it's a fresh coat of paint in the living room, the long-awaited new kitchen or simply the repair of a creaking floor - the Christmas bonus becomes a DIY bonus here. 3 percent even use it for the purchase of new furniture or household appliances.

In the younger age group up to 30 years, the number slightly increases to 5 percent. 1 percent has just acquired a new home and uses the money for deposit, moving costs or the like, among young adults this is 3 percent.

Saving and Investing in Trend, Followed by Gifts and Vacation

With 21 percent, saving or investing is in first place when it comes to using the Christmas bonus. Every fifth person wants to put the extra money aside or invest it in financial assets such as stocks. This behavior is particularly pronounced among young adults between 18 and 29 years old. In this age group, almost a third (30 percent) plan to use the Christmas bonus for the future.

Even the Christmas season itself remains a significant focus. 15 percent of Austrians indicate that they spend their Christmas bonus on gifts, celebrations, and the festive days around Christmas and New Year. In the younger age group, it's even 19 percent. The same number - also 19 percent - plan to use the additional payment for their next vacation. Overall, the use of the Christmas bonus for travel remains a significant factor for all respondents, at 15 percent.

Hardly Luxury: One in Ten Covers Everyday Costs with Christmas Bonus

Slightly fewer people use the Christmas bonus for everyday life: 11 percent of respondents indicate that they spend it on ongoing costs. Among 18- to 29-year-olds, this proportion is significantly lower at 5 percent. Settling loans or old bills is also on the agenda for 8 percent. In the younger generation, this plays a less central role at 3 percent.

About 3 percent reserve the payment for expensive personal purchases such as cars, fashion, or jewelry. For expensive restaurant visits, the Christmas bonus in Austria seems to be less on the table. Only 1 percent of respondents plan to invest the additional financial resources in fine menus or extravagant dinners.

The survey was conducted by Innofact AG in November 2024 for ImmoScout24, with around 511 Austrians aged 18 to 65 years online, representative of the Austrian population.

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This article has been automatically translated, read the original article here.