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What to expect when attending live events in 2022

The COVID-19 pandemic pulled the plug on live events for much of 2020 and 2021. It’s estimated that the live entertainment industry posted a $30 billion loss in 2020 alone due to the pandemic. But as vaccination rates increase and the number of COVID cases, hospitalizations and deaths decline, events are slowly coming back. An October 2021 Bankrate poll found that 61 percent of Americans plan to attend a live event in the fourth quarter of 2021.

That doesn’t mean a complete return to normal, however. Entertainers are still canceling, postponing and reimagining live events. The Weeknd, for example, postponed a planned 2020 arena tour to June 2021, only to bump it to January 2022 and then summer of 2022.

Event-goers may be subject to new restrictions as well. On Oct. 4, 2021, Live Nation began requiring all artists, crew and event attendees to show proof of full vaccination or a negative COVID test from no more than 72 hours before the event. The Centers for Disease Control continues to urge mask-wearing for those who are not yet vaccinated and fully vaccinated individuals when indoors in areas with high COVID transmission rates.

If you’re itching to get back to attending live events, it’s essential to know what to expect and how to plan financially.

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Saving for youth sports

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Youth sports can be excellent character-building activities for children. They instill teamwork, communication, and discipline, which can pay dividends later in life. Along with physical benefits, kids engaged in sports develop cognitive skills such as improved concentration and classroom behavior.

That said, participating in these activities often comes at a price. Sports can cost as low as $191.34 for track and field to $2,582.74 for ice hockey. Our guide on saving for youth sports will help you learn the costs and plan for those expenses before they become untenable for your finances.

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