A recent report highlights how Gen Z is heavily contributing to America's rising credit card debt, currently at an all-time high. Despite an average personal debt of $94,101, many young fans prioritize concert attendance, leading them to make risky financial decisions, such as using rent money to buy tickets. As ticket prices soar due to demand, financing options via platforms like StubHub and Vivid Seats are increasingly popular among this demographic. Social media has further amplified these trends, with users sharing their financial struggles related to concert attendance.
It's nothing new that the cost of concert tickets has become astronomically high within recent years, thanks to the demand and many fees that come with it.
New data from Rakuten revealed that 30 percent of the generation use their rent money or mortgage funds to be able to afford Cowboy Carter tickets.
Websites like StubHub and Vivid Seats are now offering payment plans so people can finance their outrageous ticket purchases.
Gen Z is taking advantage of that option - as many concert-goers have taken to TikTok to bond over their poor financial decisions.
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