A recent survey by BadCredit.org reveals that 37% of Americans are neglecting their friendships due to the rising costs of maintaining social ties. 10% of respondents have even ended a friendship because of the financial strain, while 21% feel they spend more on their friends than their friends spend on them, causing resentment.
The survey highlights how inflation and rising living costs are putting a strain on social relationships, as activities like dining out and celebrating special occasions have become unaffordable for many.
The study, which surveyed 995 Americans, found that Gen Z and millennials are the most affected, with Gen Z spending an average of $433 per month on friendships, and millennials spending even more at $482 per month.
Consumer finance expert Erica Sandberg expressed concern about how these financial pressures are harming social lives, stressing the need to balance economic realities with maintaining personal connections.
Sources