Survey Shows Gen Z and Millennials Ready to Overspend for Summer Getaways

Wednesday, 29 May 2024, 23:45

A recent survey by Bankrate highlighted that Gen Z and millennials are embracing debt in order to fund their summer vacations, with a significant portion indicating a willingness to overspend. The trend raises concerns about long-term financial health and prudent money management practices.
https://store.livarava.com/878c1931-1e16-11ef-a3e5-9d5fa15a64d8.jpg
Survey Shows Gen Z and Millennials Ready to Overspend for Summer Getaways

Gen Z and Millennials Embrace Debt for Summer Vacations

A recent survey conducted by Bankrate revealed that a significant percentage of Gen Z and millennials are open to going into debt to finance their summer travel. A worrisome trend as it signifies a shift towards prioritizing experience over financial stability.

Key Findings:

  • Bankrate survey shows 42% of Gen Z individuals and 47% of millennials are willing to overspend on summer vacations.
  • This behavior raises concerns among financial experts regarding long-term financial health and budgeting skills.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe