Millennials and Gen Zers are pulling in bigger paychecks, but much of their spending power is fueling short-term purchases like groceries and vacations, not savings.
The article doesn’t really put travelling in the same category as groceries. It says “Younger Americans’ spending on things like travel and dining out has been outpacing their older peers’ even as the economy slows.” They specifically put travel in ‘luxury’ category. Vacations can simply mean time off. Depending on your contract you can have limited paid days off and even vacations without travel can mean expense (unpaid leave).
The article doesn’t really put travelling in the same category as groceries. It says “Younger Americans’ spending on things like travel and dining out has been outpacing their older peers’ even as the economy slows.” They specifically put travel in ‘luxury’ category. Vacations can simply mean time off. Depending on your contract you can have limited paid days off and even vacations without travel can mean expense (unpaid leave).