More than 1 in 5 Americans say they could not afford movies, vacations, or sports events because they were trying to pay off credit card bills or student loans, according to a new survey.
Americans are passing up everything from ballgames to brunch, citing high prices and the burden of everyday bills.found that roughly two-thirds of Americans say they’ve skipped out on a recreational activity such as an overnight trip, sporting event, concert or dining out within the past year because of how much it cost.
Predictably, some demographics were hit harder than others: About three-quarters each of adults under the age of 35 and parents with kids under the age of 18 said they couldn’t afford a recreational activity over the past year. Other responses reveal how Americans are thinking about what they can afford now — and will be able to afford in the future. Bankrate found that 43 percent of respondents said they didn’t have enough money for leisure activities after paying everyday bills. Nearly as many — 41 percent — said they were trying to save money for something else. More than one in five said they were trying to pay off credit card bills, and 13 percent cited student loans.
Trump announced earlier this week that he was delaying the looming Sept. 1 implementation of a 10 percent tariff on a wide range of consumer goods until mid-December, and exempting some items such as cell phones entirely.estimated that tariffs already in place cost the average American household $831 a year — an amount that roughly wipes out the average benefit of the 2017 tax cuts.
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