Concert Tickets on Credit: A Risky Trend in Spain

The rising cost of concerts and the trend of buying tickets on credit has become a hot topic in Spain. According to an economist interviewed on SER Catalunya's El Balcó podcast, the practice of purchasing tickets in installments has tripled since 2023. This financial strategy, while seemingly convenient, can lead to significant debt. Jordi Martínez, the economist, explains, "Many people can afford the monthly payments, but they don't consider the overall cost or potential for financial difficulties." He uses the example of Bad Bunny's recent concert, where tickets cost 160 euros, to highlight the potential for substantial debt accumulation. Martínez suggests alternative approaches to attending concerts, such as saving beforehand or exploring more affordable options. The discussion highlights the need for responsible financial planning, even when it comes to leisure activities.