Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy 36% of Americans say they're willing to go into debt to pay for vacationMore than one-third of summer vacationers say they are willing to take on debt to pay for travel this season, according to a March 2024 report from Bankrate.
The average vacation for one person in the U.S. costs nearly $2,000 per week, according to BudgetYourTrip.com.
An analysis by Forbes Advisors found that 28% of Americans across all generations say they have less than $1,000 in personal savings as of May 2024.
Watch the video above to learn about those vacation-spending practices and what financial experts think about them.
Organizations:
Forbes Advisors
Locations:
Bankrate, U.S