1 in 3 American Travelers to Go Into Debt for Summer Vacations

The article highlights:

  • 36% plan to take on debt to pay for their summer vacation. Debt options include carrying a balance on a credit card; buy now, pay later services; borrowing from family or friends and a personal loan.

  • 66% of people not planning summer vacations said that they can’t afford it.

  • Young people are also more willing to take on debt to pay for their 2024 summer vacation:

    • Gen Z: 42%

    • Millennials: 47%

    • Gen X: 31%

    • Boomers: 22%

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