A new survey by LendingTree examined the impact of inflation on American dating experiences. It found that nearly 1 in 5 individuals are going on less dates because of the economic issue.
Additionally, 14% of respondents are actively trying to spend less on dates, 4% are being more selective about who they go on dates with because of inflation, and 3% say they are less likely to pay as they know things are more expensive.
Speaking with 1,578 U.S. consumers, the majority believe dating would be easier if they had more money at their disposal. 32% of respondents stated that they would still go on a date even if they couldn’t pay for it.
Millennials stated that they are more likely to take on debt because of their dating experiences. It also found those on six-figure salaries and with an annual household income between USD $75,000 and USD $99,999 are most likely to get a second date.
“Everything is getting more expensive”, says Matt Schulz, Chief Credit Analyst at LendingTree.
“It’s not just the new clothes, roses, ride-share, fancy dinner, concerts or the after-show coffee — it’s all of it. Even a quiet night at home with a bottle of wine and some takeout is pricier than it used to be. The extra cost of each of these things individually may not be earth-shattering, but added together, they can be a very big deal, especially when you’re living on a budget”, he continues.