Many Americans plan to slash travel, entertainment spending in 2025: Survey

[Zincwarrior]

Surveys continue to show weakness for travel and entertainment this year, based on fears of a pending recession.

https://thehill.com/business/5311441-many-americans-slash-travel-entertainment-budget-survey/

More than half of Americans expect to spend less on fun expenses — like entertainment, travel and eating out — this year, according to a new survey.

The Bankrate poll, published earlier this week, found about 54 percent of respondents said they plan to slash their nonessential spending in 2025, up from 49 percent last year.

Bankrate senior industry analyst Ted Rossman said the pandemic-era trend of “doom spending” — embracing unique, exciting experiences because it felt like life was too short — is ending.


“We’re finally seeing a limit to the ‘you only live once’ urge to splurge,” Rossman said.

This survey revealed that 38 percent expect a decrease in their travel spending, and 39 percent expect to spend less on dining out and live entertainment.

President Trump’s latest tariffs have stoked fears of a recession, and household debt hit a record $18.2 trillion in the first quarter of 2025, according to the Federal Reserve Bank of New York.

 

[C_Clayton_Jones]

"Trump’s latest tariffs have stoked fears of a recession, and household debt hit a record $18.2 trillion in the first quarter of 2025, according to the Federal Reserve Bank of New York."

Trump, destroying yet another Democratic president's strong economy.

 

[Manonthestreet]

I wondér how much the chaos in the towers is impacting it

 

[Maxdeath]

My question on this is it because so many in the democrat cult have been yelling non stop since the election that there will be a recession or is it a matter of inflation eating into paychecks over an extended period of time?
I tend to think it is because we have had high inflation for years that caused people to increase credit card debt to the point they do not feel they can afford the extra needed for travel and entertainment

 

[initforme]

Slashing travel doesn't hurt anyone or any business.

 

[Dekster]

We will be spending less because Trump has slayed inflation. #Winning #TigerBlood