Despite Higher Prices, Floridians Will Keep Buying Wine During the Holiday Season – CBS Boston

MIAMI (CBSMiami) – As prices continue to rise, some people are cutting back on what they buy – except when it comes to alcohol.

DrugAbuse.com, a leading provider of substance abuse treatment resources, conducted a survey of 3,818 Americans and discovered an interesting response to ‘inflation’. The survey found that nearly two-thirds (64%) Floridians will continue to buy as much alcohol as they normally would during the holiday season, regardless of soaring alcohol costs.

READ MORE: COVID Boosted Demand ‘Spikes’ in Massachusetts

This compares with the national average of 59%.

People in Vermont are most willing to spend money on alcohol – 90% said they would continue to buy the same amount despite the increased cost. On the flip side, only about 40% in New Mexico said they would.

The survey also found that more than a third of Americans (37%) consider alcohol a necessity.

READ MORE: 85-year-old man killed in crash in Yarmouth

In addition, more than 1 in 3 think the government should lower alcohol taxes if inflation, currently at its highest level since the 1920s, rises to keep costs low.

Thirty-two percent of drinkers will simply switch to cheaper, less well-known brands if prices exceed their threshold.

According to the US Bureau of Labor Statistics. The price of alcoholic beverages is a staggering 565.88% higher in 2021 than in 1952. During these years (1952 to 2021), the average inflation rate was 2.79% per year.

The DrugAbuse.com survey also asked people what level of alcohol inflation would have to be for them to cut back on their purchases. Overall, the average drinkers said an 8.79% increase would make them buy less alcohol.

MORE NEWS: Suit Alleges Company Sells Bogus Hand Sanitizer to Massachusetts Schools

When asked which holidays they’d rather spend sober time on, if they had to choose, 41% said Christmas Day, followed by 29% saying Thanksgiving. Only 12% said that New Year’s Eve.