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“Funflation” squeezes spending on at-home entertainment
CNBC links rising prices to weaker cost appeal for streaming and video games after a wave of price hikes.
CNBC Economy reports that “funflation” is reducing the cost advantage consumers once saw in staying in for at-home entertainment such as streaming movies and playing video games.
According to the outlet, a broader wave of price hikes has made routine at-home pastimes more expensive, putting pressure on household budgets.
The result is that entertainment spending habits that were previously framed as budget friendly are now becoming harder to justify as prices continue to rise.
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