TO SAVE OR TRAVEL? EXPLAINING MILLENNIALS’ TRAVEL OBSESSIONWe’ve been hearing for years that Millennials are huge fans of travel, preferring to spend money on experiences rather than traditional possessions. The latest surveys reveal that even though some of their travel behavior is evolving, Millennials’ love of travel isn’t fading, and may even be increasing in 2018. Millennials’ travel obsession has this group prioritizing saving for travel over saving for the future, which may leave them ill-prepared for some life challenges. Let’s see what the latest reports from Expedia, AAA, AARP, and Travelport reveal about Millennial travel in 2018. Credit: AAA Millennial travel trends for 2018
Credit: Expedia Millennials’ travel combines work and leisure What Millennials spend on travel Credit: CNBC Travel and Millennial savings goal Millennials are prioritizing travel and an enjoyable lifestyle over saving for retirement or traditional savings goals such as buying a house. 65 percent of Millennials are currently saving money specifically for travel. 63 percent are saving for their desired lifestyle, and just 37 percent are saving to leave the workforce. Credit: CNBC Millennials’ travel obsession may leave them ill-prepared for unexpected expenses. A recent CNBC report found that 25 percent of Millennials had no emergency fund savings, 22 percent had less than 3 months, and only 23 percent had 6 months’ worth of expenses in their emergency savings fund. If you would like some help creating a financial plan that will allow you to save for travel while still meeting other saving goals such as creating an emergency fund and saving for retirement, reach out to skilled financial planner Matt Logan at www.MattLoganInc.com or call at 336-540-9700. We will help you develop a workable financial plan that will suit your lifestyle and savings goals. Matt Logan is a Representative with Matt Logan Inc and Summit Brokerage and may be reached at http://www.mattloganinc.com/, 336-540-9700 or [email protected]. Matt Logan Inc. is an independent firm with Securities offered through Summit Brokerage Services, Inc., Member FINRA, SIPC. Advisory services offered through Summit Financial Group Inc., a Registered Investment Advisor. Summit Brokerage Services, Inc., its affiliates and Matt Logan Inc. do not give tax or legal advice. You should consult an experienced professional regarding the tax consequences of a specific transaction. These are the views of Matt Logan Inc, and not necessarily those of Summit Brokerage Services, Inc. and any of its affiliates and should not be construed as investment advice From https://localseo0.blogspot.com/2018/09/does-retirement-planning-include.html from From https://juanitasmith0.blogspot.com/2018/09/does-retirement-planning-include.html from https://juanitasmith0.wordpress.com/2018/09/22/does-retirement-planning-include-traveling-while-young/ from https://angelawalker0.blogspot.com/2018/09/does-retirement-planning-include.html
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