“36% of Americans plan to take on debt for summer travel. Here’s why that worries financial experts”
July 8, 2024
“…
- More than one-third of summer vacationers say they are willing to take on debt to pay for travel, according to a March 2024 report from Bankrate.
- About a quarter (26%,) of summer travelers said they intend to use a credit card and pay for the vacation over multiple billing cycles.
- “This represents a lot of people taking on expensive debt, and this is the kind of thing that can linger,” said Ted Rossman, a senior credit card industry analyst at Bankrate.
…”
https://www.cnbc.com/2024/06/29/some-american-plan-to-take-on-debt-for-summer-travel.html
This is a bad idea. Now is the time to reduce debt not stack it.