Gretchen Andsager https://www.badcredit.org 1m 152 #summer

The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.

34% of Americans Don’t Feel Financially Secure Enough to Enjoy Summer

Summer is nearly here and it’s a time when people are getting outside and socializing together. But all of that fun comes at a cost, and it is not always cheap.

A new report finds 1 in 3 Americans don’t feel financially secure enough to enjoy summer activities this year and 30% believe they have to spend money to have fun.

• Americans plan to spend $1,600 on summer activities
• 30% say FOMO (fear of missing out) leads them to spend more money
• 70% are prioritizing free activities this summer

For some Americans, the pressure to spend comes from others: 36% feel pressure to overspend when out with friends, 1 in 5 have a friend that pushes them to spend money, and 53% are more likely to make impulse purchases with friends.

Take a look at the full report for more insights including how the cost of summer activities impact parents.

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