Outdoor Fun Leads to Increased Spending - Other News

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Credit Card Applications » News » Other » Outdoor Fun Leads to Increased Spending

Outdoor Fun Leads to Increased Spending

Outdoor Fun Leads to Increased Spending
August
4
The content is accurate at the time of publication and is subject to change.

As the sun came out this spring, so did people’s credit cards.

The latest Chase Freedom Lifestyle Index reveals an increase in spending by its cardholders at amusement parks, sporting goods stores, as well as on airline travel and highway tolls during the second quarter of 2014. Gifts like flowers and jewelry saw spikes in spending too, with Mother’s Day and Father’s Day falling during that timeframe.

Road trips and amusement parks

Many people took to the skies. Traveling by plane was up 49% year-over-year.  Spending at theme parks and on highway tolls was also up over the same quarter last year. Theme park spending rose 7% and spending on tolls jumped 20%. Spending on fast food was up 15%, perhaps due to all that time in the car on the road.

People preferred travel and playing outdoors over going to the movies this spring, as movie theater spending dropped 18% from the same time last year. Work took a backseat as well, with spending on office supplies down 10% from the second quarter of 2013.

Celebrating Mom and Dad

With Mother’s Day in May and Father’s Day in June, spending on flowers and sporting goods was up. Chase Freedom cardholders increased their floral spending by 85% compared to the same month last year, and sporting goods shopping rose 12%.

It seems Mom may have gotten more than flowers – spending on jewelry was up 17% as well. But Dad could have been the lucky recipient of some power tools on his special day too: spending at hardware stores was up 16%.

Getting crafty and eating on the run

In addition to traveling, riding roller coasters, and shopping for celebrations, people hit craft stores at a great rate this spring. Spending at those kinds of stores was up 200% over the last two years.

The Chase Freedom Lifestyle Index measures consumer spending each quarter based on Chase Freedom cardholder activity. The statistics represent a broad sample of consumers across the country who carry the popular cash back rewards card.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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