21% of Gen Z Plan “Soul-Search” Trips, While 1 in 5 Americans Can’t Afford Vacation

How to save and travel like Gen Zers this summer.
gen z summer travel


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Not surprisingly (without passing judgment), it appears that Gen Z is prioritizing leisure and enjoyment over work, particularly during this upcoming summer season. 

According to a recent study by Empower, a reputable organization specializing in financial planning, investing, and advice, 21% of Gen Z individuals said they plan to go on a “soul-searching” trip, 20% plan to travel internationally, and 24% planning a romantic getaway, all with the aim of self-discovery and rejuvenation.

Forget wanting to be like our older siblings; we want what Gen Z has! Interestingly, the survey found that 41% of Americans have decided not to travel this summer, with 20% attributing it to financial limitations (24% among women and 15% among men) and inflation. As a result, longer saving periods and reduced travel or shorter trips have become the norm.

How is Gen Z paying for these trips?

To fund their summer travels, Gen Z is cutting down on hair/nail appointments (24%) and ending streaming subscriptions (18%). Around one-third of Gen Zers and 26% of Millennials are taking up side gigs to save extra for their adventures.

How can I save for a trip in this economy? 

To fund vacations, the study found that 30% of Americans who are traveling this summer emphasize the importance of planning ahead and creating a monthly budget. Saving doesn’t have to be hard. Follow these 4 easy ways to save and practically travel for free

Editorial Disclaimer: Opinions expressed here are the author’s alone. This post contains references to products from one or more of our partners and we may receive compensation when you click on links to those products.

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