CHARLOTTE, N.C., Sept. 8, 2021 /PRNewswire/ -- This week
marks the start of the official NFL season, and now that all teams
have been cleared to allow for full-capacity stadiums, fans are
gearing up for a return to more social viewing events.
To find out how people are thinking about spending money this
football season, LendingTree surveyed more than 2,100 people
about their plans.
Key findings
- 67% of Americans will spend money on at least one item for
the upcoming football season. The most common purchases are
food and drink for at-home game watch parties (26%), streaming
services or cable TV (22%) and food and drink away from home
(20%).
- Nearly 40% of consumers are planning a special splurge for
football season to make up for last year. Most notably, 14% of
those who typically only watch games at home plan to attend a live
game.
- 51% of Americans hope to attend at least one live football
game this season, including 13% who will travel to another city
and 6% to another state.
- 1 in 4 consumers say it's somewhat likely they'll incur
credit card debt due to their football spending this season. As
an example, 27% of football fans will shell out $1,000+ on the
sport this year.
- 32% of avid football fans say their spending on the sport
has caused an argument with a loved one. Relatedly, about 3 in
10 have been in credit card debt due to the sport.
"People are absolutely desperate to get back to doing the things
they love, and there are few things Americans love more than
football," says Matt Schulz, chief
credit analyst for LendingTree. "I do think that game attendance
may vary widely by region, though. For example, stadiums in the
South may be packed like it is 2019, while those in other areas
might be a bit more sparsely populated."
To view the full report,
visit: https://www.lendingtree.com/credit-cards/study/football-spending-2021/.
Methodology
LendingTree commissioned Qualtrics to
conduct an online survey of 2,173 U.S. consumers from Aug. 9-23, 2021. The survey was administered
using a non-probability-based sample, and quotas were used to
ensure the sample base represented the overall population. All
responses were reviewed by researchers for quality control.
About LendingTree
LendingTree (NASDAQ: TREE) is the
nation's leading online marketplace that connects consumers with
the choices they need to be confident in their financial decisions.
LendingTree empowers consumers to shop for financial services the
same way they would shop for airline tickets or hotel stays,
comparing multiple offers from a nationwide network of over 500
partners in one simple search, and can choose the option that best
fits their financial needs. Services include mortgage loans,
mortgage refinances, auto loans, personal loans, business loans,
student loans, insurance, credit cards and more. Through the
LendingTree platform, consumers receive free credit scores, credit
monitoring and recommendations to improve credit health.
LendingTree proactively compares consumers' credit accounts against
offers on our network and notifies consumers when there is an
opportunity to save money. In short, LendingTree's purpose is to
help simplify financial decisions for life's meaningful moments
through choice, education and support. LendingTree, LLC is a
subsidiary of LendingTree, Inc. For more information, go to
www.lendingtree.com, dial 800-555-TREE, like our Facebook page
and/or follow us on Twitter @LendingTree
MEDIA CONTACT:
Morgan
Lanier
morgan@lendingtreenews.com
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SOURCE LendingTree.com