How Americans Are Paying For Vacation
365,684
Published 2024-06-29
Chapters:
0:00 Introduction
1:16 Credit card debt
3:12 Taking out a loan
4:58 Economic consequences
6:54 Fun on a budget
Produced by: Charlotte Morabito
Edited by: Dain Evans
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson
Additional Footage: Getty Images
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How Americans Are Paying For Vacation
All Comments (21)
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The credit card debt can last longer than the memories of the trip.
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Never in my life would I go into debt for vacation
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If you can't pay cash, you can't afford it.
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People that go to vacation with a loan are the prime example of morons. Vacation is a luxury not a neccesity.
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Couple things here 1. Vacations are Luxury not mandatory 2. Taking Time off from work is necessary and extremely beneficial but not if it cost you and makes you going into debt 3. Staycations are highly underrated, don’t travel but take time to enjoy the place you live.
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Americans have another option... wait and save. Also, live below your means so it's easier to wait, save and pay.
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I do a "staycation" every time I get a week off of work. I have a modest salary and yet I'm able to max out my Roth IRA every year due to my simple lifestyle. Go hiking, go to your local zoo, or just catch up on reading. Plenty of affordable ways to enjoy time off.
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Borrowing money for vacation is stupid
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Social media got to be one of the biggest contributors. People want to look rich and impress people online that can careless about them than to actually be rich by saving and investing
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When you go on vacation and have no debt the vacation hits different more enjoyable not worrying about debt
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I plan my vacation 6 months in advance and go during non peak season. You'll save up to 50%.
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Lifelong memories: I remember my dad taking me camping and teaching me to fish.
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That woman talking about how important a Disney land trip is and how worth, it is to go into debt for it, sure is on the creditors pay roll.
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If you can't afford the trip now, you most definitely can't afford to pay your credit card afterwards.
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I can't believe people needed an analyst to tell them to save money and then go on a trip. Isn't that common sense.
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If I can’t afford it, I simply do not go. Self control.
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2008 is long forgotten...Americans are about to get a reminder.
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Yup, I use credit card for many things including vacations, BUT, I clear those charges out every month, bank sees me as "dead meat" and I love it! hahahaha
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No money = No spending. Y’all don’t need a Ph.D. to figured this out. Lifelong memories, I remember I grew up poor and nothing wrong with it. I still have peace and happiness.
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Rice and beans for me staying home because i am too broke for a vacation.
