All love is priceless – 22% of millennials report getting into debt from dating

Rising inflation has made almost every aspect of daily life more expensive, and budding romance is no exception.

A new survey from LendingTree found that one in five respondents said they had fewer dates due to inflation, and 77% said dating would be easier if they had more money .

"Dating has always been expensive," says Matt Schulz, chief credit analyst at LendingTree, in the report. "If you add runaway inflation, it can make an already difficult situation even more difficult."

Related: "None of Our Paychecks Are Keeping Up: '71% of Workers Say Inflation and Cost of Living Are Exceeding Their Salary

Overall, the report found that the average dater spends around $91 on a first date, which can quickly add up if they're active in the dating scene. And if they use credit cards or mobile payments to pay the bill, the damage may not be apparent for months.

Of those surveyed, millennials were the most likely to get into debt because of dating at 22%. According to Schulz, millennials are particularly vulnerable to dating debt because they are already at a point in their lives where costs are rapidly rising from many angles.

"They may already have children," says Schulz. "They may be drowning in student loan debt and probably have more rent than when they were younger. Considering what they're going through, they may not have a lot of money. savings - or what they have could be put towards a down payment on a house."

While dating can lead to financial hardship, the cost of love is still worth it for some. Among respondents who actively date, 32% said they would still go on a date even if they couldn't afford it, with men (36%) more likely to do so than women ( 30%).

Related: I Used a Dating App to Meet Millionaires. I was able to travel the world, get fancy gifts, and learn a lot from my connections.

Jennifer Lopez is done with "Happy to Be Here". She thinks Latin entrepreneurs are undervalued, so she's working to give them $14 billion in loans.

How to retrain your brain and reach the highest levels of success

His company is worth $1 billion. But it started as a way to solve his own shipping problems.

TikTok hands out age-old resume tips. This ex-Microsoft recruiter says you should ignore him.

6 advantages...