Dating Fees Are Increasingly Expensive, Millennials Are Entangled In Debt

Illustration of increasingly expensive millennial dating. (Freepic)

Expensive dating turns out to be one of the causes of many millennials getting into debt. According to the LendingTree survey, nearly a quarter of millennials admit that they once owed for a date with a credit card was the main cause. Even 10% of respondents admitted that their credit card was rejected on the first date.

Reporting from Yahoo page! Finance, the millennial generation is known to have difficulty managing finances, especially in the midst of inflation that continues to increase prices. This survey shows that spending on dating can add to financial pressure.

Not only single millennials, couples who are already committed also feel the same way. The Forbes 2023 survey found that half of the couples had borrowed money from friends or family to buy gifts or dates, while 37% applied for private loans and 40% went into credit card debts.

Even so, there is a solution to keep it romantic without draining your wallet. About 41% of couples choose efficient dating alternatives such as hiking, coffee together or other cheap activities. The survey also shows inflation affects the ability to buy gifts or go on dates for 60% of millennials, 79% of Gen Z, and 65% of Gen X.

Here are some save date ideas:

1. Explore Local Markets

Traditional markets, bazaars, or pop-ups shops can be a fun first place to date. You can enjoy cheap food while looking around local goods or watching street performances.

2. Become A Tourist In Your Own City

Find free or cheap events in your own city. Museums, natural routes, or art galleries can be an attractive and efficient alternative.

3. Find Local Musicians

Watching local musicians while drinking lightly is more efficient than a luxurious dinner, and can still create a romantic atmosphere.