Many young Americans are willing to go into debt to fund their dream vacations, with over one-third of travelers planning to borrow money or use credit cards for summer trips, according to a Bankrate survey. Millennials and Gen Z are the most likely to take on debt, with 47% and 42% respectively, compared to Gen X and boomers. Young travelers like India Roby and Hailee Gilmore have embraced buy now, pay later services, allowing them to enjoy vacations while spreading costs over time. However, this trend raises concerns about financial stability, as many young people feel pressured to prioritize experiences over savings. While some, like Erin Spencer, have learned the hard way about the dangers of accruing debt, others continue to use credit for travel, often feeling conflicted about their choices. The article highlights the balancing act between enjoying life today and ensuring financial security for tomorrow, as young adults navigate the complexities of travel funding.
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