Twenty-somethings are going on fewer nights out to make sure they can afford to pay their rent, a study suggests.
A third of respondents to a survey said that they do not go on as many nights out as they did this time last year. Of those, nearly half blamed increased general living costs, with almost as many pinning the problem on rising energy bills.
One in three polled in nightclub operator Rekom’s Night Index said they felt a need to save any disposable income they may have previously had to spend partying, while increased rent was a major concern for a fifth of those aged between 25 and 34.
Those in full-time work now go out more often than students, the survey found, with students going out 1.8 times a week on average, compared with 2.2 nights out for employees.
Private rental prices rose by 5pc between June 2022 and June 2023. Rent went up by 5.3pc in London, compared with 4.4pc in the North East, according to the Office for National Statistics.
Partiers in the North East of England have been unperturbed by the cost of living crisis, however, with respondents from this region of the country being the least likely to reduce their number of nights out — only a third said that they were going out less, compared with nearly half in the South East.
Those in the North East spend the most on a night out too, at £79.87 on average, compared with the national average of £74.78. However, Londoners still go out-out the most, at an average of around twice a week.
Peter Marks, of Rekom UK, said students in particular were suffering the effects of spiralling rent and living costs on their social lives. A third of students said they go out less than they did this time last year, with 49pc of those affected saying that this was due to increased living costs.
He said: “You have to feel sorry in particular for students. Having had their studies disrupted by Covid-19, a return to normality should be what they were looking forward to.
“To then face a cost-of-living crisis and huge inflationary pressures when it’s ‘their time’ as young adults, is a real kick in the teeth. For those of us who were students once, we know that socialising and meeting new people is a really important part of going to university.”
We have had to cut down on all luxaries, the boomers have truly fucked this country for all of us with their selfish bullshit.
They’ll cut everything else before they cut the avocado habit
We are cutting down on everything. We are doing exactly what Baby Boomers suggested and are living within our meagre means, then they complain we are still not doing enough because wages are so pitiful these days. We also get the blame for not supporting the economy by going out and spending all the money we do not have. We cannot win either way.
40 years of under building and missing targets
Cheers Gov
This is sad, particularly in London. Nightlight is taking an abysmal turn, particularly in London and Soho and young people are missing out on some really great experiences. Making it too expensive is a no win except for the people who buy a flat next to a club then complain about the noise.
It’s almost as if having a permanent underclass of people who’ll never own a home leads to long term consequences.
Seriously, what do business owners and economists and the government think is going to happen when everything just keeps getting more expensive and wages stagnate? It’s like they are pokemon face shocked that millennials and Gen Z don’t have endless pockets.
If you want your economy that’s dependent on people buying things to survive, maybe you should REDISTRIBUTE some of the money you’re hoarding.
7 comments
**By Lauren Shirreff**
Twenty-somethings are going on fewer nights out to make sure they can afford to pay their rent, a study suggests.
A third of respondents to a survey said that they do not go on as many nights out as they did this time last year. Of those, nearly half blamed increased general living costs, with almost as many pinning the problem on rising energy bills.
One in three polled in nightclub operator Rekom’s Night Index said they felt a need to save any disposable income they may have previously had to spend partying, while increased rent was a major concern for a fifth of those aged between 25 and 34.
Those in full-time work now go out more often than students, the survey found, with students going out 1.8 times a week on average, compared with 2.2 nights out for employees.
Private rental prices rose by 5pc between June 2022 and June 2023. Rent went up by 5.3pc in London, compared with 4.4pc in the North East, according to the Office for National Statistics.
Partiers in the North East of England have been unperturbed by the cost of living crisis, however, with respondents from this region of the country being the least likely to reduce their number of nights out — only a third said that they were going out less, compared with nearly half in the South East.
Those in the North East spend the most on a night out too, at £79.87 on average, compared with the national average of £74.78. However, Londoners still go out-out the most, at an average of around twice a week.
Peter Marks, of Rekom UK, said students in particular were suffering the effects of spiralling rent and living costs on their social lives. A third of students said they go out less than they did this time last year, with 49pc of those affected saying that this was due to increased living costs.
He said: “You have to feel sorry in particular for students. Having had their studies disrupted by Covid-19, a return to normality should be what they were looking forward to.
“To then face a cost-of-living crisis and huge inflationary pressures when it’s ‘their time’ as young adults, is a real kick in the teeth. For those of us who were students once, we know that socialising and meeting new people is a really important part of going to university.”
We have had to cut down on all luxaries, the boomers have truly fucked this country for all of us with their selfish bullshit.
They’ll cut everything else before they cut the avocado habit
We are cutting down on everything. We are doing exactly what Baby Boomers suggested and are living within our meagre means, then they complain we are still not doing enough because wages are so pitiful these days. We also get the blame for not supporting the economy by going out and spending all the money we do not have. We cannot win either way.
40 years of under building and missing targets
Cheers Gov
This is sad, particularly in London. Nightlight is taking an abysmal turn, particularly in London and Soho and young people are missing out on some really great experiences. Making it too expensive is a no win except for the people who buy a flat next to a club then complain about the noise.
It’s almost as if having a permanent underclass of people who’ll never own a home leads to long term consequences.
Seriously, what do business owners and economists and the government think is going to happen when everything just keeps getting more expensive and wages stagnate? It’s like they are pokemon face shocked that millennials and Gen Z don’t have endless pockets.
If you want your economy that’s dependent on people buying things to survive, maybe you should REDISTRIBUTE some of the money you’re hoarding.