• LendingTree found that the rising cost of dating is a challenge Americans are facing, with nearly 20% of regular daters quitting due to inflation

LendingTree, the online financial services company, released the results of its latest survey exploring dating habits amid inflation.

The survey found that 77% of dating Americans say dating would be easier if they had more money, with nearly 1 in 5 having fewer dates due to inflation. Additionally, LendingTree found that 22% of millennials have taken on debt due to their dating habits, the most of any generation.

Some of the key results of the survey are:

– 77% of daters say their engagements could be easier if they had more money. This is more common among men (83%) than women (73%).

– 32% say they would still go on a date even if they couldn’t afford it, and men (36%) are more likely to do so than women (30%).

– Nearly 1 in 5 (19%) of people say they are dating less due to inflation. While another 14% are trying to spend less on these types of commitments.

– Millennials (22%) are more likely to incur debt due to their dating spending habits. Gen Zers are the second most likely to take on dating-related debt, at 19%.

– 6% of Americans have had their card declined on a first date, but people with six-figure incomes and those with an annual household income between $75,000 and $99,999 are more likely to snag a second date regardless .

“Dating has always been expensive. Add rampant inflation to the mix and it can make an already challenging situation even more difficult. However, with a well-thought-out budget and a little bit of creativity and planning, you should still be able to have a lot of fun without drowning in debt,” said Matt Schulz, chief credit analyst at LendingTree.

To see more details about the report, go here.

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