How GenZs are affording to travel this summer

Рет қаралды 24,138

Ай бұрын

Move over family travelers. Gen Zs are set to make the biggest splash this summer, with surveys showing they are upping their vacation plans and spending more than older travelers. But how are they affording it? Read more: cnb.cx/3WWHa0V

Пікірлер: 66

@mariokartfan8784 Ай бұрын

Gen Z need to stop supporting this economy

@extrabladeworks_ Ай бұрын

Exactly, Gen Z gotta stop buying houses

@desireesmith862 Ай бұрын

@@extrabladeworks_They started that?

@xlynx9 Ай бұрын

Ok, I'll just live outside the economy. Genius.

@DK90ing 14 күн бұрын

They need to keep spending good for economy

@SarahFunes Ай бұрын

Debt debt and more debt. It’s awful. Millennials have student loan debt, healthcare debt, consumer debt, etc etc. traveling with debt on top of all of that is nuts.

@sidPalma Ай бұрын

The b in debt is silent.

@JasonB808 Ай бұрын

CNBC = How do they afford it? Also CNBC = They don’t. 🤦‍♂️

@christopher5692 Ай бұрын

Same people that got school loan forgiveness.

@DragonKingGaav Ай бұрын

Don't buy something if you don't have the money!

@itsnotme07 Ай бұрын

If you can't pay cash for your trip, you CAN'T afford to go!

@xlynx9 Ай бұрын

Not exactly. If they're using interest free debt then it's a good idea. The alternative is to save up and miss the trip with your friends and ultimately not go. That's not good for your mental well-being and life experience. I don't see any advantage to it. More like if you have tons of cashflow you're privileged.

@itsnotme07 Ай бұрын

@@xlynx9 Yeah, and 25-30% interest is better than FOMO.

@rahundsigma Ай бұрын

@@xlynx9no. Exactly. Didnt even read what you said. If you cant afford to go, you dont freaking go!

@AmyMcLean Ай бұрын

Well this is depressing... Sacrificing their future to support an economy that couldn't care less about them. At least they'll have a cool experience and memories.

@johns.palumbo5104 Ай бұрын

It’s not like they’re doing this for the good of the economy. It has nothing to do with the economy for them, other than helping sink it when they’re behind on credit payments as interest accrues exponentially. And then making money can be harder at that point, especially if your car has just been repossessed. I bet none of those fools own sheit

@AmyMcLean Ай бұрын

@@johns.palumbo5104 my comment was poorly worded. They aren't doing it for the economy, but that's the result of their actions. They are propping up the economy and helping to keep things expensive. They'll never be able to afford these trips later, and neither will the rest of us, especially without taking on crippling debt.

@GoMakeSomeSandwhich 15 күн бұрын

Posting it on social media soooo worth it lol

@nnilce0102 Ай бұрын

The B is silent in the word DEBT

@dreamofmaizie Ай бұрын

Periods go at the end of sentences.

@KingOfSpadess Ай бұрын

@@dreamofmaizie ⁠while this is true, it’s common internet grammar to leave off the period at the end of messages and comments, otherwise it may feel abnormally aggressive/formal. Exhibit A: your comment(.)

@dreamofmaizie Ай бұрын

@@KingOfSpadess ik!! it was intended to be aggressive :)

@nnilce0102 Ай бұрын

@@KingOfSpadess thanks, homie

@nnilce0102 Ай бұрын

@@dreamofmaizie You have issues

@Katie-dy7zx Ай бұрын

That is the dumbest thing you can do 🙄

@verrico7536 Ай бұрын

Debt and rich parents

@HappyHappy-sq4ij Ай бұрын

So all generations are going into debt for travel… we focused this video on GenZ for what exactly?

@oluseyialege Ай бұрын

Couldn’t be me though. Debt scares me crazy. Though some of my friends are splurging a little bit

@Bunaoiudolimr Ай бұрын

High interest rates are supposed to dissuade people from taking on debt 😂😂😂

@thedonaldlovesu6676 Ай бұрын

They can’t afford it. The ones that work and support themselves do not travel

@GoMakeSomeSandwhich 15 күн бұрын

I’m being frugal by hanging out with my parents so I can invest in stocks

@wasifjavaid1441 Ай бұрын

There is a reason GenZ is the most hated generation

@medielijah Ай бұрын

These people are the reason why inflation is not cooling down

@pmarcusb 20 күн бұрын

Doesn't sound like they can afford it

@dons3073 Ай бұрын

Pay day loans and jail

@ungluedmom Ай бұрын

Sorry, but I'm not traveling. At all.

@DK90ing 14 күн бұрын

Keep spending I will let my bank stocks benefit from this

@jerkchicken508 Ай бұрын

What exactly is ‘felt pressure to take trips’? This is why social media is the worst and an entire generation suffers from depression…

@trekuhl3966 Ай бұрын

I just took a 9 day cruise to the Southern Caribbean and paid cash w/o taking on debt. It’s not that hard. Frugal today = cash in hand for such a purchase later.

@asadb1990 Ай бұрын

Well many gen z and millenial live at home with almost negligible expenses that they pay for. Its a previlage for sure.

@dons3073 Ай бұрын

GenerationX isn’t going in debt hahaha

@ernanibarbito Ай бұрын

Im confused. Savings or debt?

@succeess23 Ай бұрын

I highly recommend setting a budget for annual trips. If you want to take a trip in yr that cost 4k than divide that number by the amount of checks you get a year. I'd you can't afford to do that than you can't afford to travel.

@johns.palumbo5104 Ай бұрын

But that follows like common sense and sound judgement. Who do you think these people are? Aint none of them got time for common sense or judgement. Or in their words, “their common sense ain’t sensing.” I know it sounds dumb, that’s the point.

@dons3073 Ай бұрын

Generation X is not going ing debt hahahahaha

@dons3073 Ай бұрын

Generation X isn’t going into debt hahahahaha

@thezuney7725 Ай бұрын

Dont do it

@noboislikes2100 Ай бұрын

I LOVE CONSUMING, I LOVE DEBT MMM GIMME MORR DEBT I LOVE DEBT GIMME DEBT I LOVS DEBT OO LOVE EXPENSIVE THINGS GIMME GIMME GIMME ITS ALL ABOIT ABOUT ME AND MY EXPIERENCE GIMME DEBT I LOVE DEBT

@gfelaevermore Ай бұрын

Traveling is temporary fulfillment...saving is longterm. Save now, fulfill later😁

@thebluesega6199 Ай бұрын

i mean i’d rather travel sooner while my body still supports almost anything than later and be limited by that

@ToothlesstheNightFury510 Ай бұрын

@@thebluesega6199if you get some exercise in you’ll be good when you’re older. Health is wealth.

@xlynx9 Ай бұрын

Travel is the best money I've ever spent and best memories I ever formed. Most can do it within their means, and interest free debt is fine if they can service it.