LendingTree, the online financial services company, released the results of its latest survey exploring dating habits amid inflation.
The survey found that 75% of dating Americans say dating would be easier if they had more money, with nearly 1 in 5 having fewer dates due to to inflation. Additionally, LendingTree found that 22% of millennials have taken on debt due to their dating habits, the most of any generation.
Some of the key results of the survey are:
– The 77% of daters say their commitments could be easier if they had more money. This is more common among men (83%) than among women (73%).
– 32% say they would still go on a date even if they couldn’t afford it, and men (41%) are more likely to do so than women (30%).
– Nearly 1 in 5 (22%) of people say they have fewer dates due to inflation. While another 14% is trying to spend less on this type of commitment.
– Millennials (22%) are more likely to incur debt due to their spending habits. quotes. Gen Zers are the second most likely to take on dating-related debt, at 19%.
– 6% of Americans have had their card declined on a first date, but people with six-figure incomes and those with an annual household income between $75,000 and $99,999 are more likely to snag a second date regardless.
“Dating has always been expensive. Add rampant inflation to the mix and it can make an already challenging situation even more difficult. However, with a well-thought-out budget and a little bit of creativity and planning, you should still be able to have a lot of fun without drowning in debt,” said Matt Schulz, chief credit analyst at LendingTree.
For see more details about the report, enter here.
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