100 Years of Advancing Destinations

Millennials rely heavily on credit for their vacations

Thursday, June 25, 2015

The majority of vacationers spend more money than expected when traveling (68 percent), often relying on credit cards to make up the difference, according to a new survey commissioned by Experian. Millennials rank even higher when it comes to risky vacation spending — one-third report they have not been saving up in advance of vacation, 72 percent say they spend more than expected when traveling, and 52 percent are strapped with credit card debt once the holiday ends.