'Funflation' is on the rise as hobbies get pricier, but consumers keep spending anyway
Consumers are spending more on hobbies like arts and crafts and outdoor sports, as it gets more expensive to travel due to increased airfare.
TL;DR
- Consumers are spending more on hobbies like arts and crafts.
- Spending on outdoor sports is also increasing.
- The rising cost of airfare is making travel more expensive.
- This trend leads to 'funflation', where spending on leisure activities continues despite price hikes.