Gen Z & Millennials are spending their savings on travel.

Gen Z & Millennials are spending their savings on travel. According to Culture Trip, nearly half of the young generations cut back on daily expenses to afford to travel more. Even as they age up and have families, Culture Trip’s U.S. video lead predicts they’ll put off purchasing a house in favor of funding experiences. She adds that for Generation Wanderlust, life is about “experience[ing] it yourself and have your friends know that you experienced it.” (Cheddar)