You most likely know a buddy who goes to a bunch of festivals a 12 months, and also you marvel to your self, “How do they afford it?!” Nicely, in keeping with a brand new examine from CompareCards by Lending Tree, practically a 3rd of them can’t.
1,019 Individuals have been surveyed in July 2019 about their time at festivals. In a surprising consequence, practically one-third (32%) of millennials who attended a music competition up to now 12 months took on debt to take action, and practically one-fourth (23%) of survey respondents, no matter age, stated they have been in festival-related debt.
Of the respondents, 53% attended not less than one music competition up to now 12 months; and of those that attended not less than one, 28% stated they spent not less than $500 on music festivals.
A GA ticket to Extremely in 2019 began at $300, whereas a GA ticket to EDC began at $319. A extra “main stream” competition like Coachella begins at $429. None of that features journey, lodging, or meals, which might exponentially improve the value of any journey, particularly for these coming in from out of city.
All that considered, a separate examine discovered that going to live shows results in a extra blissful, glad life. So, perhaps going into debt — if solely a bit — isn’t all that dangerous. On the finish of the day, your mileage might fluctuate.
See the complete report right here.
picture by kurthoop for Escapade