Millennials Are Going Into Debt Just to Attend Music Festivals
We knew student loan debt was an issue for millennials. But did you know music festival debt was a thing? A new survey found that 32% of millennials are currently paying off debt... from seeing a concert or music festival.
They're not alone though. 45% of all Americans said they've been to a concert in the past year. And 1 in 4 are still paying for it. On top of that, 80% also bought food there, 46% got a hotel, 39% bought merchandise, 26% bought plane tickets just to get there, and 21% sprung for VIP passes.
Only 19% of people who've been to one or more concerts in the last 12 months said they spent LESS than $100 total. 22% have spent MORE than $500.