A new analysis from the Bank of America Institute found that consumer spending on live sporting events has risen markedly compared to pre-pandemic levels, which has also spurred a rise in spending at nearby restaurants and bars.

David Tinsley, senior economist at the Bank of America Institute, told FOX Business in an interview that consumers have picked up their spending on live experiences, like sporting events and concerts, which have surged in the years since the pandemic.

"There was a lot of attention to things like Taylor Swift's 'Eras Tour' and those kind of live gigs. But alongside that, spending on spectator sports has actually been stronger than some of that more live entertainment, music-orientated spending," Tinsley explained.

The Bank of America Institute's analysi

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