
A recent study shows that Australians are spending more annually on expensive branded products, with a significant increase in overall expenditures.
Mobile phones lead as the most commonly used branded product, with annual spending on them rising steadily.
Reports indicate that Australians collectively spend $4.5 billion each year on long-term use of certain brands.
Data from Finder reveals the average annual cost per person for branded products is approximately $330.
The rising cost of living, energy bills, and branded goods are putting additional financial pressure on Australians.