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.
The mindset is “‘I can’t buy a house, I’m not sure I can afford college or grad school, so I might as well go to Spain and backpack.
”They think (credit card debt) is not as risky as it is.
They don’t care so much about not getting into debt.”King adds that social media has changed the way many people think about travel.
“Eventually, if I’m going to get a house, I’ll get a house.
Persons:
CNN — “, ”, Lisa Fraser, “, Elizabeth Currid, Halkett, Tim Gurner, something’s, I’m, ’ ” Alex King, they’re, Fraser, FOMO, King, It’s, I’ll
Organizations:
CNN, University of Southern, United
Locations:
Taipei, Budapest, New York, University of Southern California, Spain, Hong Kong