Gen Z Financial Stress: In today's growing inflation, Gen Z and Millennials are feeling financial pressure to stay with their friends. Now a new word has come out about this- Friendflation. Let's know about it.
Financial anixite with friends: In today's time, lifestyle is becoming very expensive. Everyday expenses such as grocery, travel, dining and subscription prices are increasing. In such a situation, Gen Z and Millennials are facing a new challenge, time passing with friends is not just fun, but also expenses. It has also got a name now-Friendflation.
Meaning of friendflation
Friendflation words are formed by mixing friends and inflation (inflation). This means -the rising price of spending time with friends and making memories. Now friendship is not just an emotional connection, but sometimes it has started putting pressure on your budget. All these expenses are increasing for dinner, birthday celebrations or attending a wedding. Therefore, many people are feeling that friendship has now become the cause of economic pressure.
The real picture of friendship came to the fore in the survey
According to a report by Financial Times, many people now consider friendship as expensive. 6% of people in Australia said that they ended their friendship with expensive friends as they were no longer able to afford expensive outing and dinner. A 2025 survey of Self Financial found that about 80% of Americans felt economic concern while spending time with friends. At the same time, 43% said that it has become difficult to live with very rich friends. This is especially challenging for those who are in the 20 and 30s, when friends are getting married or celebrating big birthdays.
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Gen Z and Millennials' friendship increases expenses
Nowadays birthdays are not limited to only a few drinks. Now these weekends have become a grand brunch or fancy dinner. Parties like Hen-DO and Stag-DO are going to last a week, and average expenses have reached £ 779 (close to 1 lakh).
How to save friendship and life
True friendship is priceless, but to maintain it, it is not always to empty your hand. Here are some easy remedies:
Planning in advance: Trip or outing first book will not only reduce the price, but will also get time to make budget.
Do hosting in turn: You can organize game night, movie night or dinner with friends at home.
See online offers: Many money-sewing apps offer free drinks or dining offers.
