Study shows Americans willing to go into debt for vacation
Spectrum News: Michael Goldberg, associate professor at Weatherhead School of Management, talked about a Bankrate survey that found more than one-third of Americans will take on debt to travel this summer—especially Gen Z and Millennials. Social media is “playing a role in some of this FOMO (Fear of Missing Out) in terms of folks plunking down their credit cards and buying tickets to go on vacation,” he said.