According to a 2023 study from finance website WalletHub, 25% of Americans say it’s worth going into debt for a good vacation.
The majority of those going into debt do so by charging travel expenses on a credit card, with 20% of respondents saying they would rather skip a credit card payment and put the money toward a vacation.
Elizabeth Currid-Halkett is the author of The Sum of Small Things: A Theory of the Aspirational Class and a professor of public policy at the University of Southern California.
She believes that the current trend of travel moving from “optional” to “priority” began during the financial crisis in the 2000s and spiked after the pandemic.
“We wouldn’t have been able to predict it.
The way the pandemic affected different generations in different ways.
But the idea that our friends matter, living life matters, how important living a good life is – that has led to a change in how people spend their money.
“When you’re young, you don’t have money to shift into another area.
But you can say, ‘I’ll think about this later and live my best life right now.’” (CNN)
It sounds like a new point-of-view for a new generation!
ifnottodaywhen.blog 