2024 "funflation" causes Americans to spend more on live events despite high credit card debt, especially among younger generations.
"Funflation", caused by increased live event costs, leads Americans to spend more on travel and entertainment despite $1.13 trillion in credit card debt. Admission prices for sporting events jumped 21.7% in May 2024, yet 38% of adults plan to incur more debt for future entertainment. Younger generations like Gen Z and millennials are more inclined to splurge on live events.
June 26, 2024
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