{"id":472104,"date":"2021-04-06T15:32:59","date_gmt":"2021-04-06T19:32:59","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472104"},"modified":"2021-04-06T15:32:59","modified_gmt":"2021-04-06T19:32:59","slug":"53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\/","title":{"rendered":"53% Who Took on a Pandemic Hobby Went Into Credit Card Debt as a Result"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">LendingTree Report Finds Nearly 60% of Americans Started a New Pastime Over the Past Year<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">CHARLOTTE, N.C.<\/span>, <span class=\"xn-chron\">April 6, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0About 6 in 10 Americans took on a new hobby over the past year as the COVID-19 pandemic raged on, according to a new <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3120670-1&amp;h=2481838736&amp;u=https%3A%2F%2Fwww.lendingtree.com%2Fcredit-cards%2Fstudy%2Fquarantine-hobbies-credit-card-debt%2F&amp;a=report\" rel=\"nofollow noopener noreferrer\">report<\/a> from LendingTree. Unfortunately, more than half of those who did wound up taking on credit card debt as a result.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/719580\/lendingtree_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/719580\/lendingtree_Logo.jpg\" title=\"LendingTree logo (PRNewsfoto\/LendingTree)\" alt=\"LendingTree logo (PRNewsfoto\/LendingTree)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>Key findings<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <b>59% of Americans took on a new hobby during the coronavirus pandemic<\/b>. The group most likely to try out a new pastime include those laid off or furloughed (82%), Gen Z (76%) and millennials (74%). <\/li>\n<li>\n          <b>The most popular hobby among those who started one during the pandemic: reading (61%),<\/b>\u00a0followed by baking or cooking (36%), gardening (30%), meditation (29%) and writing (26%). <\/li>\n<li>\n          <b>Nearly half (48%) of consumers who tried out a new hobby during the pandemic \u2014 such as coding or photography \u2014 have earned money turning it into a side hustle.<\/b>\u00a0Of those who made money from their hobby, most used the cash to either pay off debt (52%) or save (51%). <\/li>\n<li>\n          <b>On the other hand, 53% incurred credit card debt as a result of their newfound pastime.<\/b>\u00a0When asked why, 47% of indebted respondents said they wanted to invest in special equipment to eventually make money from their hobby. <\/li>\n<li>\n          <b>79% of consumers said they&#8217;ll continue with their hobby even after the pandemic is over.<\/b>\u00a0And nearly everyone (94%) who started a new pastime has continued with it thus far.<\/li>\n<\/ul>\n<p>&#8220;It shouldn&#8217;t be surprising that so many Americans dove into new hobbies during the pandemic,&#8221; said LendingTree&#8217;s Chief Credit Analyst, <span class=\"xn-person\">Matt Schulz<\/span>. &#8220;Having our lives flipped upside down in so many ways not only amped up the stress in our daily lives, it often left us with much more spare time than before and nowhere to go. Our survey shows that millions of Americans used that extra time to try out something new \u2014 everything from reading and writing to baking and cooking.&#8221;<\/p>\n<p>\n        <b>To view the full report, visit: <\/b><br \/>\n        <b><br \/>\n          <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3120670-1&amp;h=1586614137&amp;u=https%3A%2F%2Fwww.lendingtree.com%2Fcredit-cards%2Fstudy%2Fquarantine-hobbies-credit-card-debt%2F&amp;a=https%3A%2F%2Fwww.lendingtree.com%2Fcredit-cards%2Fstudy%2Fquarantine-hobbies-credit-card-debt%2F\" rel=\"nofollow noopener noreferrer\">https:\/\/www.lendingtree.com\/credit-cards\/study\/quarantine-hobbies-credit-card-debt\/<\/a><br \/>\n        <\/b><br \/>\n        <b>.<\/b><br \/>\n        <b>\u00a0<\/b>\n      <\/p>\n<p>\n        <b>Methodology<br \/><\/b>LendingTree commissioned Qualtrics to conduct an online survey of 1,013 U.S. consumers from <span class=\"xn-chron\">Feb. 26 to March 1, 2021<\/span>. The survey was administered using a non-probability-based sample, and quotas were used to ensure the sample base represented the overall population. All responses were reviewed by researchers for quality control.<\/p>\n<p>\n        <b>About LendingTree<br \/><\/b>LendingTree (NASDAQ: TREE) is the nation&#8217;s leading online marketplace that connects consumers with the choices they need to be confident in their financial decisions. LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of over 500 partners in one simple search, and can choose the option that best fits their financial needs. Services include mortgage loans, mortgage refinances, auto loans, personal loans, business loans, student loans, insurance, credit cards and more. Through the My LendingTree platform, consumers receive free credit scores, credit monitoring and recommendations to improve credit health. My LendingTree proactively compares consumers&#8217; credit accounts against offers on our network and notifies consumers when there is an opportunity to save money. In short, LendingTree&#8217;s purpose is to help simplify financial decisions for life&#8217;s meaningful moments through choice, education and support. LendingTree, LLC is a subsidiary of LendingTree, Inc. For more information, go to <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3120670-1&amp;h=2057202012&amp;u=http%3A%2F%2Fwww.lendingtree.com%2F&amp;a=www.lendingtree.com\" rel=\"nofollow noopener noreferrer\">www.lendingtree.com<\/a>, dial 800-555-TREE, like our Facebook page and\/or follow us on Twitter @LendingTree<\/p>\n<p>\n        <b>MEDIA CONTACT:<br \/><\/b><br \/>\n        <b><br \/>\n          <span class=\"xn-person\">Morgan Lanier<\/span><br \/>\n          <br \/>\n          <a target=\"_blank\" href=\"mailto:morgan@lendingtreenews.com\" rel=\"nofollow noopener noreferrer\">morgan@lendingtreenews.com<\/a><br \/>\n        <\/b>\n      <\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL34058&amp;sd=2021-04-06\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result-301263449.html\">http:\/\/www.prnewswire.com\/news-releases\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result-301263449.html<\/a><\/p>\n<p>SOURCE  LendingTree, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL34058&amp;Transmission_Id=202104061529PR_NEWS_USPR_____CL34058&amp;DateId=20210406\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LendingTree Report Finds Nearly 60% of Americans Started a New Pastime Over the Past Year PR Newswire CHARLOTTE, N.C., April 6, 2021 \/PRNewswire\/ &#8212;\u00a0About 6 in 10 Americans took on a new hobby over the past year as the COVID-19 pandemic raged on, according to a new report from LendingTree. Unfortunately, more than half of those who did wound up taking on credit card debt as a result. Key findings 59% of Americans took on a new hobby during the coronavirus pandemic. The group most likely to try out a new pastime include those laid off or furloughed (82%), Gen Z (76%) and millennials (74%). The most popular hobby among those who started one during the pandemic: reading (61%),\u00a0followed by &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;53% Who Took on a Pandemic Hobby Went Into Credit Card Debt as a Result&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-472104","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>53% Who Took on a Pandemic Hobby Went Into Credit Card Debt as a Result - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"53% Who Took on a Pandemic Hobby Went Into Credit Card Debt as a Result - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LendingTree Report Finds Nearly 60% of Americans Started a New Pastime Over the Past Year PR Newswire CHARLOTTE, N.C., April 6, 2021 \/PRNewswire\/ &#8212;\u00a0About 6 in 10 Americans took on a new hobby over the past year as the COVID-19 pandemic raged on, according to a new report from LendingTree. Unfortunately, more than half of those who did wound up taking on credit card debt as a result. Key findings 59% of Americans took on a new hobby during the coronavirus pandemic. The group most likely to try out a new pastime include those laid off or furloughed (82%), Gen Z (76%) and millennials (74%). The most popular hobby among those who started one during the pandemic: reading (61%),\u00a0followed by &hellip; Continue reading &quot;53% Who Took on a Pandemic Hobby Went Into Credit Card Debt as a Result&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-06T19:32:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/719580\/lendingtree_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"53% Who Took on a Pandemic Hobby Went Into Credit Card Debt as a Result\",\"datePublished\":\"2021-04-06T19:32:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\\\/\"},\"wordCount\":589,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/719580\\\/lendingtree_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\\\/\",\"name\":\"53% Who Took on a Pandemic Hobby Went Into Credit Card Debt as a Result - 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Unfortunately, more than half of those who did wound up taking on credit card debt as a result. Key findings 59% of Americans took on a new hobby during the coronavirus pandemic. The group most likely to try out a new pastime include those laid off or furloughed (82%), Gen Z (76%) and millennials (74%). The most popular hobby among those who started one during the pandemic: reading (61%),\u00a0followed by &hellip; Continue reading \"53% Who Took on a Pandemic Hobby Went Into Credit Card Debt as a Result\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-06T19:32:59+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/719580\/lendingtree_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"53% Who Took on a Pandemic Hobby Went Into Credit Card Debt as a Result","datePublished":"2021-04-06T19:32:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\/"},"wordCount":589,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/719580\/lendingtree_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/53-who-took-on-a-pandemic-hobby-went-into-credit-card-debt-as-a-result\/","name":"53% Who Took on a Pandemic Hobby Went Into Credit Card Debt as a Result - 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