Millennials love to visit new places, but they spend irresponsibly when it comes to travel. In fact, this generation's wanderlust is so powerful, it's putting them into debt.
Young people have always dreamed about jet setting and exploring new lands. That being said, most people's realities are colored by their budgets. Traveling means taking time off work. Then there is the cost of transportation and lodging. The total expense of vacationing accumulates quickly. Time and budget constraints limit travel for most. Or at least, that is what you would expect.
According to a survey given by vacation rental platform Vrbo, millennials do not let their budgets dictate how often they travel. Thirty-seven percent of this age group said that they were willing to go into debt to explore the world. The survey also found that millennials traveled more for adventure than any other reason.
Vrbo's report found that age impacts how people feel about travel. Millennials stood out as unique compared to Baby Boomers and Generation Xer's. This generation of travelers seeks to expand their horizons and expose themselves to new things. They want to discover how other people live through seeing it with their own eyes and participating in another culture.
Focused on the adventure, millennials were most likely to seek alternative lodgings like treehouses or houseboats. And being the tech generation, they cared more about access to wi-fi than any other age group.
Millennials share a passion to get out there and interact with people living differently than themselves. Such an attitude distinguishes them from older generations who tend to travel primarily to attend special occasions such as weddings or graduations. What the new generation shares in common with the previous is the goal to escape and relax while vacationing.
Borrowing money to tour the world may seem like an irresponsible thing to do. Going into debt for something unnecessary is never smart. However, the fact that millennials value travel so highly supports the idea that they'd rather accumulate experiences than things. In today's world, placing less emphasis on material possessions is certainly responsible.