‘Friendflation’: the increasing cost of maintaining a social life

Cost-of-living squeeze has left some feeling priced out of social events and struggling to keep up friendships

Photo collage of young people laughing around a table; the food they're enjoying has been cut out from the photo, revealing coins and shopping receipts underneath.
Socialising has ‘radically evolved’ to have a ‘much bigger price tag’
(Image credit: Illustration by Julia Wytrazek / Getty Images)

Can you put a price on friendship? Apparently you can, and it isn’t cheap. The rising cost of socialising, known as “friendflation”, is “becoming a serious pressure point” for many adult friendships, said The Mirror. “Birthdays aren’t just a few drinks at the pub, they’re weekends away, lavish brunches or fancy dinners”, and “even going for a coffee is nearly a fiver”.

‘Much bigger price tag’

The soaring cost of socialising can be traced back to the 2008 recession when “inconspicuous consumption” became popular, pushing consumers towards more “experience-driven” spending rather than showing off costly material goods. The pandemic intensified that cultural shift, as people left lockdown determined to live “full lives” and increase their social activity.

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Social media has played its part, too, with every get-together and holiday on full display online. “It just feels like everyone’s doing these things, so there’s that added pressure”, Lindsey Stanberry, editor of the personal finance newsletter The Purse, told the paper.

‘Equality-based model of friendship’

The feeling of being “overworked and underpaid” is alarmingly common, said Indy100. With costs for basic essentials like food shopping “spiralling”, it’s not surprising that “making memories” is seen by many as an unaffordable luxury.

This is not just a problem faced by younger generations, said USA Today. A survey of 995 Americans from BadCredit.org found that more than 65% had to “cut back on social activities” so they have funds for “housing or debt”. This included 67% of Gen X participants and 49% of Boomers.

Financial diversity in friend groups has been fuelled by an “explosion in university education”, said the FT. Student friendships struck up on a more or less level playing field can come under strain in the years following graduation if the “earning capabilities of our closest, oldest friends are not in line with our own”.

Money is still a taboo topic, and the “illusion of equality is integral” to maintaining a friendship, communications studies professor Jeffrey Hall told the paper. Many won’t speak up when forced to spend and will stretch themselves to attend social events for fear of jeopardising their relationships, in a culture in which people are increasingly pressured to “demonstrate their friendship or allegiance” by spending money.

Deeya Sonalkar joined The Week as audience editor in 2025. She is in charge of The Week's social media platforms as well as providing audience insight and researching online trends.

Deeya started her career as a digital intern at Elle India in Mumbai, where she oversaw the title's social media and employed SEO tools to maximise its visibility, before moving to the UK to pursue a master's in marketing at Brunel University. She took up a role as social media assistant at MailOnline while doing her degree. After graduating, she jumped into the role of social media editor at London's The Standard, where she spent more than a year bringing news stories from the capital to audiences online. She is passionate about sociocultural issues and very enthusiastic about film and culinary arts.