How to balance a budget amidst “funflation”

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Funflation News

Inflation,Gen Z Money Habits,Gen Z Spending

Like other rising costs, funflation refers to the rising price tag on things like concerts, travel, and entertainment.

One in seven adults, especially young ones hyper-focused on their wants, will shell out money they may not have to dine out or experience live entertainment.

CapSouth Wealth Management Investment Adviser, Billy Mccarthy said that “funflation is an interesting phenomenon that’s kind of born out of the Covid era 2020 when people were shut in.” “It’s just a matter of allocating your resources so that you can have what you need and maybe what you’re going to need in the future,” said McCarthy.shows nearly two out of five Gen Z and millennial travelers have spent up to $5,000 on event tickets, not including travel.one in four adults are willing to go into debt to travel and one in seven will shell out money they may not have to dine out or experience live entertainment.

 

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