Young Americans are having the summer of their dreams — just don’t ask to see their bank balances.
A Forbes Advisor survey of 1,000 Americans who plan to travel in 2024 showed the post-pandemic “revenge travel” boom is in full force, despite rising inflation.
An estimated 92% of those surveyed said they plan to travel as much as they did in 2023, and more than half of Gen-Zers and millennials surveyed said they planned to travel more.
Millennials and Gen Zers are even willing to take on debt to fund their summer travel, according to three new surveys by Credit Karma, Bankrate, and Bank of America cited in a recent Business Insider report.
“Now that travel is back, younger travelers want to make the most of the time they have and prioritize spending on experiences versus tangible items,” Johannes Thomas, CEO of Trivago, told BI.
The stats weren’t surprising to Thomas, who told BI that this new trend …