Fifty-four percent of Americans in their 30s and 40s would rather invest in travel experiences while they’re young than save for a house, according to a new study. The research, conducted by third party research firm Mortar for group travel company Flash Pack, found this age group increasingly willing to put off traditional goals in favor of travel experiences now.
The new study looked at a random selection of 1,000 men and women from across the United States ages 30-49. The study, as part of Flash Pack’s ‘No More Not Yets’ campaign, looked at the next generation of retirees, asking how their biggest ‘not yets’ have changed from previous years and what they are and are not willing to put off in life.
Here are some other highlights from the research:
- Traveling the world ranked as the number one bucket-list goal, beating marriage, children, career and owning a home.
- 43 percent would prefer to advance in their career before marriage and having children.
- Working in a dream profession is a goal that is over three times more desirable than having children.
- 44% would like to have amazing experiences before getting married of having children.
- 84% of respondents would not think twice about spending $4,000 on the trip of a lifetime while 66% percent would hesitate to spend the average $33,391 on a wedding.
- 62 percent have either considered booking a solo trip or have traveled solo in the past year.
- 80 percent said that seeing aging family members with ailments and restrictions made them want to live in the moment and spend their retirement funds now.
- 88 percent have some fears that they may not be able to travel post retirement, with 55 percent concerned they will not have enough money saved and 53 percent nervous they may not be healthy enough by then.
This article was originally published on www.luxurytraveladvisor.com.