Monday, February 5, 2018

The High Cost of the Super Bowl

Did you go to a Super Bowl party yesterday? According to surveys, 18 percent of American adults had plans to host such a party, and they probably set the hosts back a fair amount.

On average, organizing a Super Bowl party set back hosts some $207, according to a survey of 1,000 people conducted by personal finance website LendEDU. Of that, over a third (35 percent) went toward food and non-alcoholic beverages, while 28 percent was spent on alcohol. The rest of the money was used to purchase decorations, fan gear and other items. 

Even those who didn’t host a watch party were still likely to spend a lot of money yesterday. American adults watching the showdown between the Patriots and the Eagles were expected to spend $81 each on average, or $15.3 billion total, according to the National Retail Federation. That’s up 8.5 percent from last year, but down slightly from the all-time high set in 2016.

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