Got FOMO? Americans Spend More in Summer
Pool floats and umbrella drinks don't come cheap.
More than half of all Americans (52%) spend more money in the summer than they do during cooler parts of the year, according to a new study from MassMutual. Of those who admit to spending more during the summer, two-thirds of the 1,001 people surveyed said it's a "desire to make the most of summer that causes their spending to spike."
More women actually said they spend more money in the summer (55%) compared to men (52%). MassMutual Head of Insurance Operations Amanda Wallace explained why in a comment emailed to The Motley Fool.
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