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May 13, 2024

The new golden age of travel — if you can afford it

  • More than a third of Americans say they'll take on debt to pay for a vacation this summer.
  • By BEN RICE
    Wealth of Geeks

    iStock image
    The latest perks blue-chip airlines offer their richest customers make it easy to imagine we are still in a golden age of travel — albeit for those who have the funds to spend.

    A recent Bankrate survey says more than a third of Americans will take on debt to fund their summer vacation this year; of those surveyed, just over half will take a summer vacation in 2024. Meanwhile, the remainder of participants reveal they cannot afford to take a trip at all. The trend is not limited to stateside citizens — a Eurostat report shows that based on the 2023 data, nearly 30% of Europeans also struggled to take a one-week vacation.


     
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