Gen Zs are spending big to travel this summer — even if it means going into debt

Some 42% of Gen Zs and 47% of millennials say they’re willing to go into debt to pay for their summer vacations, according to Bankrate.

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.No longer satisfied with road trips to their parents' homes, Gens Z are planning international trips at higher rates than other generations, according to a

That report, which surveyed 1,800 adults in the Unites States, United Kingdom, India, Germany and China, shows 65% of Gen Zs and 72% of millennials said they plan on spending more on leisure travel this year, well ahead of the 54% of Gen Xers and 40% of baby boomers who said the same.But how Gen Zs — often defined as those born between 1997 and 2012 — plan to fund their travels differs from other age groups too.

"Gen Zers have come of age during an incredibly turbulent time," Roeschke said."This is deeply impacting their travel behaviors."

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