Prices for everything will continue to climb and U.S. officials are finally admitting it, saying this week that inflation can no longer be categorized as short-term and there is no better story to understand this than the outrageous cost for Super Bowl tickets this year- something hardly anyone can really afford, but at least 70,000 people will find some way to purchase.
“The average ticket price for the upcoming Super Bowl LVII in Los Angeles is currently $9,496, which is the second-highest ticket price average ever, according to TicketIQ, an event ticket search engine.
That’s enough money for a 2014 Ford Focus, four Pelton bikes or to cover your food costs for the next three years,” CNBC reported on Thursday.
“The cost of goods and services in October jumped 6.2% over the past year, with food prices up 5.3% over the last year and energy shooting up a whopping 30%, according to the latest U.S. Bureau of Labor Statistics report. That means overall inflation is running well above the Fed’s 2% goal—and has been for a while. The Consumer Price Index has been ticking up month after month since May 2020,” Fortune reported.
Key Point: When we talk about inflation moving from transitory to permanent, we mean you can not afford things- to prove it we give you the National Football League’s Super Bowl!
Both Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen said in interviews this week that it’s time to retire the term “transitory” when discussing the current U.S. inflation trends.
“We tend to use [transitory] to mean that it won’t leave a permanent mark in the form of higher inflation,” Fed Chairman Jerome Powell said during a congressional hearing on Tuesday. “I think it’s probably a good time to retire that word and try to explain more clearly what we mean.”
What they mean is that we won’t be able to afford things you want and love. Can you afford to go to the Superbowl?
Check this out- the cost of tickets to attend a football game:
Consider this-
Tickets for the upcoming Super Bowl 56 are selling for the highest prices in the history of the game, as two beloved teams prepare to face off in the brand-new SoFi Stadium on Feb. 13.
According to data from SeatGeek, the average Super Bowl audience member will pay $10,427 for tickets, whereas StubHub gives a more conservative estimate of $9,800. Stingy football fans will find the cheapest tickets at $7,000, whereas the most expensive tickets are selling for $65,000 before fees.
Without doubt, inflation also has a role to play in the extravagant price tags for this year’s big game. Earlier this month, inflation was reported to have hit a 39-year high of 7 percent, raising the price for goods and services across the board–football tickets not excluded.
For many Americans, Super Bowl 54 in 2020 was one of their final memories of normalcy before the arrival of COVID. Super Bowl 55 in 2021 was a reflection of the times, with a stadium operating at lower capacity than any Super Bowl prior, and priority tickets given to fully vaccinated healthcare workers.
Thus, after years of intermittent interruptions, these prices are a testament to the continuing valuation of America’s national sport, and also show how the economic mess will impact the regular American.
Prices for Super Bowl tickets 🇺🇸🤢 pic.twitter.com/DV3MWcEouQ
— Theo (@Thogden) February 2, 2022
Kari is an ex-Community Organizer who writes about Cultural Marxism, grassroots activism, music, IndyCar racing and political campaigns. @Saorsa1776