Alcohol Spending Drops, Cannabis Rises
Alcohol spending hits a forty-year low, with younger adults cutting back. Bank of America data shows a five percent drop in liquor store spending, but a four percent rise in bar spending. Four million fewer young adults are binge drinking, and Generation Z is prioritizing fitness over bar tabs. Gallup polls indicate alcohol use at its lowest in over eighty years. Doctors attribute this to growing awareness of alcohols health risks. Some suspect cannabis is filling the gap, with past-month marijuana use jumping from twelve point three percent to fifteen point one percent. Nearly half the states now allow recreational pot.
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