Despite higher prices, Floridians will continue to buy alcohol during the holiday season – CBS Miami
MIAMI (CBSMiami) – As prices continue to rise, some people are cutting back on their purchases – except when it comes to alcohol.
DrugAbuse.com, one of the leading providers of drug treatment resources, surveyed 3,818 Americans and found an interesting response to “intoxication.” The survey found that nearly 2 in 3 Floridians (64%) will continue to purchase the same amount of alcohol as they usually would throughout the holiday season, regardless of inflated alcohol costs.
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This compares to a national average of 59%.
Vermonters were the most willing to spend money on alcohol – 90% said they would continue to buy the same amount despite inflated costs. In contrast, only about 40% in New Mexico said they would.
The survey also found that more than a third of Americans (37%) consider alcohol to be an essential purchase.
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What’s more, more than one in three think the government should cut alcohol taxes if inflation, currently at its highest level since the 1920s, increases in order to keep costs down.
Thirty-two percent of drinkers will simply switch to cheaper, less well-known brands if prices exceed their threshold.
According to the United States Bureau of Labor Statistics. the prices of alcoholic beverages were 565.88% higher in 2021 than in 1952. Between those years (1952 to 2021), alcohol experienced an average inflation rate of 2.79% each year.
The DrugAbuse.com survey also asked people what alcohol inflation rate should be in order to cut back on their purchases. Overall, the average drinker said that an 8.79% increase would make them buy less alcohol.
When asked which vacation they would prefer to spend sober, if they had to make that choice, 41% responded on Christmas Day, followed by 29% who responded Thanksgiving. Only 12% said New Years Eve.