Consumers are spending more on hobbies such as arts and crafts and outdoor sports, a trend CNBC has dubbed “Funflation,” as the cost of travel rises due to higher airfare.
The increase in airline prices has made vacations and other travel activities more expensive, prompting many people to look for alternative ways to enjoy their leisure time.
According to the CNBC report, spending on hobbies that can be pursued at home or locally—like painting, knitting, and hiking—has seen a noticeable uptick.
Despite the higher cost of traveling, consumers are continuing to allocate funds to these activities, indicating a shift in how they choose to spend their discretionary income.
The trend highlights a broader shift in leisure spending, with people turning to more affordable, at‑home or local hobbies as travel becomes less accessible.
<small>Source: CNBC — read the original story there.</small>