Americans’ Super Bowl spending increases despite inflation concerns
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Americans are preparing Super Bowl While kicking off on Sunday and spending on big game-related festivals, new reports have been found than more fans wanting to dial, more fans wanting to spend more I did.
A LendingTree survey found that 75% of Americans would be tuned to the Super Bowl, but those planning on seeing nearly a third or 31% say they’ll spend more on the Super Bowl festivities than last year. I discovered there was. It’s far above the 19% they say they’ll use more. Half of Americans say their spending is the same as last year.
Americans making plans Spend it on the Super Bowl festival They expect to spend on average $142, up 22% from $116 the previous year. Top items they plan to spend include food, drinks and fan gear.
“Even if you say more people are going to spend, the average amount of people trying to spend has risen considerably,” Matt Schulz, chief credit analyst at Lendingtree, told Fox Business. “You’re talking about $25 so you won’t change most people’s lives, but you’re not just talking about getting together with friends to watch a football game.”
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“It’s a pretty important division, and again, I think you can look back and blame so much for inflation and high prices and high interest rates and so on. “Schultz said.
The report says 41% of Super Bowl Watchers will be making game-related bets, including 66% of Gen Zers, 59% of parents with young children, 56% of millennials and 51% of men. I’ve said that. Most of those planning to make smaller bets, with only 41% planning to wager more than $100, and they plan to report similar numbers. Credit Card To make their bets.
“It’s true, like we’ve seen since the pandemic, sometimes people want to spend more on what they want to spend on, making up for the stress and crazy ones of the year,” Schultz said. .
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The results of the Lendingtree survey are Bank of America The Institute showed that Americans’ spending on audience sports reached an all-time high in 2024.
A study by Bank of America Market Landscape Insights found that consumers spend an average of $1,122 on sports each year. This is a number that includes everything from participating in the game to purchasing exercise equipment.
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The Bank of America report is Live sports events Watching last year’s Super Bowl LVIII in Las Vegas made retail spending 8% higher compared to the rest of the month.
Super Bowl LIX It will air on Fox on Sunday, February 9th at 6:30pm Eastern at Fox. The game is being played in New Orleans, Louisiana.
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The Kansas City chief, led by Patrick Mahomes and Travis Kels, is aiming to make history in pursuit of the third straight Super Bowl title.
They face the Philadelphia Eagles. Jalen hurts, so Saquon Barkley is about to finish the Chiefs’ run.