By Paulina Cachero and Craig Giammona
Roaring inflation has made it more expensive to find love.
With food and alcohol prices jumping, along with the cost of everything else, nearly 20% of single Americans say they’re going on fewer dates, according to a survey from LendingTree.
“The extra cost of each of these things individually may not be earth-shattering, but added together, they can be a very big deal, especially when you’re living on a budget.” said Matt Schulz, chief credit analyst at LendingTree.
Despite a looming recession and soaring prices, some are still determined to find love no matter the cost. LendingTree found that 22% of millennials reported going into debt for love. That was the most out of any age group, followed by 19% of Gen Z daters.
LendingTree partnered with Qualtrics to survey 1,578 American consumers from August 12 to 16.
More stories like this are available on bloomberg.com.
