Young adults say friendship is getting too expensive, new survey finds 44% skip major events due to cost

A new study says that most Millennials and Gen Z feel that friendships are getting too expensive. The study, called "The Friendship Tab" and commissioned by Ally Bank, found that 44% of Gen Z and Millennials say they have skipped major social events because of cost.The study found that almost a quarter of Gen Z and Millennials say they are afraid of missing out on friendships and community due to financial limitations, and 42% said they overspent on activities with friends a few months out of the year, while 18% said they spent over their budget every other month.I'M GEN Z AND MANY IN MY GENER