Millennial parents are more willing to take on debt to have their dream vacations. Travelling for vacation is the top thing Millennial parents tell YPulse they’re excited for post-COVID, and new research indicates they’re willing to splurge to take those long-awaited trips. According to financial services platform Credello, 54% of 25-40-year-olds with kids say they have gone into debt to travel and would again, compared to 31% of their non-parent peers. They also found that (as of mid-June) 65% of Millennial parents are more likely to book post-COVID travel even if it puts them in debt. Millennial parents are more likely than non-parents to say they spend on activities once they’re on a vacation, and a relaxing vacation is the type of trip they’re most likely to splurge on. (Digital Journal, Credello)
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