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Young adults are spending less on bars and increasingly joining run clubs, races and recreational leagues to build community, CNBC Top News reported on October 30, 2026. The report says these recreational groups are becoming popular places to form friendships and social networks as younger consumers reduce their spending on nightlife. The sources do not give spending figures or industry data.

1 outlet · 1 article · first seen Oct 30, 7:10 AM ET

What this touches in markets

Stored closes for the instruments tied to this story's tags and places, with their dates.

  • XLY closed at 116.20, up 0.75%, on 2026-10-29. Listed for: Consumer Discretionary sector ETF.

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