Murray Olds: Australian correspondent on the expected turnout for Boxing Day in Australia

Despite soaring mortgage rates and economic concerns taking hold in Australia, consumers are expected to spend money at the Boxing Day sales. According to the Australian Retailers Association, Australian shoppers are expected to spend the most on Boxing Day. Speculation predicts that Australians will spend over $3 billion dollars in these sale. This will equal $23 billion spent during this Christmas season across Australian households, which is up by 8 percent from 2021. Clothing and electronics are expected to be the top sellers among consumers. Australian correspondent Murray Olds says that Australian shoppers are looking to treat themselves after three years of rising costs, economic uncertainty, and natural disasters.  LISTEN ABOVESee omnystudio.com/listener for privacy information.