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Nearly 60 percent of Americans are cutting back on spending on live entertainment — including amusement parks, rock concerts, and the performing arts — as prices continue to soar through the roof, according to aRoughly 26 percent of the survey’s respondents said they don’t spend any money at all on live entertainment, up from 16 percent before the pandemic.
One analyst dubbed the phenomenon “funflation” — the latest sign that American households are being crushed by President Joe Biden’s economic policies.The cost of admissions and fees rose faster than the prices of food, gasoline, and other necessities in 2022, according to the Bureau of Labor Statistics Consumer Expenditures Survey.Before the pandemic, Julie Gibbs, a 52-year-old mother who works in university administration in Indiana, traveled to Walt Disney World in Orlando twice most years.
“With Disney, they have their hand out and they just want more and more from me, and I hate that feeling,” she told the newspaper.reported , Disney recently once again hiked the price of admission for Disney World in Orlando and Disneyland in Anaheim, with some passes skyrocketing by as much 21 percent.
Concert tickets for major names like Taylor Swift and Bruce Springsteeen have also reached obscene levels.
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