Would you take on debt in exchange for your favorite NFL team winning a Super Bowl? Or would you rather live without a Super Bowl title in exchange for eliminating all of your debt?
A recent poll by Experian, the credit-reporting compnay, shows that 20% of all respondents would be willing to take on $5,000 of debt if their team wins a Super Bowl this year, and 38% would trade no championship for 10 years in exchange for wiping out all of their debt. Those figures come from 847 people who are football fans and spend money to watch, conducted online Aug. 21-22. A total of 3,200 18-and-older general football fans were polled. Spending money to watch a game included those who host watch parties or buy tickets to games.
According to the survey, the most financially sound fans are those of the Los Angeles Rams (691 credit score), San Francisco 49ers (689), and New York Jets (683). The average self-reported credit score was 661.
The 20% of respondents who would trade debt for a Super Bowl win this year said they would be willing to take on an average of $7,952 in debt to watch their team win a ring. And 69% would rather trim from their budgets elsewhere to have more money to spend on watching football.
Travis Kelce on building credit z1mo
In an effort to help fans manage their football spending, Experian has partnered with the Kansas City Chiefs’ Travis Kelce for a new campaign to educate fans on how to build credit without accruing debt.
Sunday, Experian debuted commercials around its new “Experian Smart Money Digital Checking and Debit Card” and “Experian Boost,” which allows consumers to instantly increase their FICO credit score by contributing “payments for eligible bills such as utilities, residential rent, and telecom to their to Experian credit file,” according to an Experian press release.
“When it comes to finances, it’s better to work smarter rather than harder,” Kelce said via press release. “This is a great opportunity for me to spread the word about the resources available like Experian’s new digital checking to help fans become the champion of their finances.”
Inflation will keep more fans at home 5i6bx
The average age of those surveyed who would trade a Super Bowl championship to wipe out their debt or have a perfect credit score is 28, which is right in the heart of the demographic of two key sports betting and gambling statistics — those 35 and under who are high earners and white are most likely to wager, according to a February survey by Ipsos polling, and gambling advocates consistently point to younger people as those most likely to develop gambling problems.
The Experian survey revealed several other interesting tidbits about fans’ financial behavior:
- 66% of all fans plan to watch more games at home this season due to inflation.
- Football fans plan to spend an average of $743 on “football-related expenses” this season, including 29% who say they will spend $1,000 or more.
- 80% of those surveyed said they “spend the right amount” on football activities while 20% said they tend to overspend.
- About one-third of the respondents said they save money specifically to spend on watching football.
Atomik Research conducted the survey on behalf of Experian, and the total number of people surveyed was 3,200, or 100 for each of the 32 NFL teams. All respondents said they were football fans, and those polled live in or around one of the 30 cities that host NFL teams (Los Angeles and New York each host two).
