Entertainment at home now costs less than going out
TVs, gaming consoles and streaming services have dropped in price while restaurants and hotels have soared, making staying home a rational choice.
Household goods and online entertainment have become remarkably cheap relative to income. You can buy a television, gaming console and stream almost every movie for relatively little money.
By contrast, things involving other people have skyrocketed. A coffee that cost $3 can now hit double figures.
A banh mi went from about $4 to $20. Hotels once $130 a night now run $200 or more.
These aren't choices driven by attitude, but by economics.
- from $3 to more than $10
- Coffee price increase
- from $4 to $20
- Banh mi price increase
- from $130 to $200 or more
- Sydney or Canberra hotel
- thousands
- Weekend trip total cost
Why it mattersIf young people are staying home, it might not be laziness or lack of social skills, it's that going out has become financially out of reach.
AustraliaAustralian hospitality, travel and entertainment venues are losing younger customers not because they lack interest, but because costs have outpaced young workers' budgets.
✓ Claims checked against the source and corrected before publish. checked 13 h ago
