More than a third of summer vacationers say they’re willing to take on debt to pay for their trip this season, according to a March 2024 report from Bankrate. The average single-person vacation in the U.S. costs nearly $2,000 per week, according to BudgetYourTrip.com. An analysis by Forbes Advisors found that 28% of Americans across all generations say they’ll have less than $1,000 in personal savings as of May 2024. Watch the video above to learn more about these vacation spending practices and what financial experts think.
