One thing that people don't really put into account of everything being expensive, what's the first thing you most likely would be willing to go without? It's probably entertainment. Between rent, food, gas, you name it, who can afford to go see a concert when the tickets, the drinks/food, merch, parking is all priced out? Especially when the quality of all these things aren't going up along with the price. A few years ago I'd have no problem with paying up for a band tee but now, a $50 tee is out of my budget.
This year I started buying albums of music acts who I've been fans of for a decade because I just can't see myself paying to see them in concert knowing it's going to cost too much.