More Americans Willing to Take on Debt for Travel Despite Higher Costs

ROCKWALL, Texas (TXAN 24) — A new survey from Experian suggests many Americans are still prioritizing travel, even if it means taking on debt.

The report found 36% of Americans said they would be willing to go into debt to travel despite ongoing economic pressures. Researchers surveyed more than 1,000 U.S. consumers about their travel spending habits.

Among the findings:

• 67% said travel is less affordable than it was a year ago.

• 79% said they would consider financing major events to attend them.

• 39% identified ticket prices as their biggest travel-related expense.

The survey highlights the financial tradeoffs many consumers are making as airfare, lodging and event costs remain elevated.

Financial experts generally recommend travelers create a budget, compare transportation and lodging options, and avoid taking on high-interest debt for discretionary travel whenever possible.

The findings offer a snapshot of how Americans are balancing travel priorities with rising costs, though individual financial circumstances can vary.