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| Name | Summer travel demand is still strong as people take on debt to vacation |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 25-04-2024 17:20:52 |
| Video Discription | The summer travel season is around the corner. But with high inflation and interest rates, there are questions about the health of the US consumer heading into the summer. A new Bankrate survey found that more than one-third of Americans are willing to take on debt for travel. Bankrate Senior Industry Analyst Ted Rossman joins Wealth! to give insight into the health of the consumer during the summer travel season. When asked who specifically was willing to take on debt, Rossman responds, "Millennials, actually, they love their experiences. They are more likely to be splurging on travel. Where it really stood out was a different recent study we did, we asked not only about travel but also dining and concerts and sporting events and other live entertainment, that's where people under the age of 40 really stood out." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
| Category | News & Politics |
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