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Speaker 1: Oh, sure, everything's expensive groceries, utility bills, taxes, taxes, But

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Speaker 1: what you're not going to cut out is travel. That's,

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Speaker 1: according to a new article, many Americans sacrificing other expenses

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Speaker 1: in order to get the heck out of where they

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Speaker 1: currently are.

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Speaker 2: I got to change the scenery right.

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Speaker 3: In some ways.

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Speaker 4: So there's a lot of takes on this story that

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Speaker 4: are out there about how Americans are cutting back on

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Speaker 4: the on you know, necessities and other spending, but they're

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Speaker 4: not going to give up their travel budget. And there's

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Speaker 4: a lot of people out there that saying, you know, hey,

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Speaker 4: you've got to cut wherever you can, and you know

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Speaker 4: you need to take travel and vacations off the table.

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Speaker 3: I think this is actually a good thing.

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Speaker 4: I think as a culture and as a country, we've

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Speaker 4: already spent way too much money on just junk that

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Speaker 4: we don't need, on stuff that we don't need to

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Speaker 4: fill up our big houses. And there's definitely been this shift,

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Speaker 4: especially with the younger generation, a little bit with the millennials,

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Speaker 4: but definitely a big shift with gen Z where when

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Speaker 4: it comes to spending your dollars, they're more interested in

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Speaker 4: an experience than having something they'd much rather take a

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Speaker 4: vacation to Cancun than buy a three thousand dollars perse.

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Speaker 2: Yep, so they.

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Speaker 1: Say fifty one percent of adults, so they'd cut back

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Speaker 1: on spending over the year to pay for their trips.

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Speaker 2: So what are they skipping out on.

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Speaker 1: They're skipping out on dinners out, they're limiting their events

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Speaker 1: with friends, They're reducing subscriptions.

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Speaker 2: Boy, that's a good one.

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Speaker 1: That'll get you right, because how many subscriptions to streaming

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Speaker 1: services do you currently have?

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Speaker 3: Well, this is way too many.

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Speaker 4: You're right, we can't talk about that. We have way

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Speaker 4: more than what we should personally. But I mean subscriptions

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Speaker 4: go beyond streaming services too. There was the meal prep

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Speaker 4: kits that would get mailed to your house where you

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Speaker 4: just got to mix everything together.

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Speaker 3: That was a subscription.

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Speaker 4: There are people that have clothing subscriptions where they get,

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Speaker 4: you know, several new shirts and a couple pairs of

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Speaker 4: pants in the mail every day. There's more subscriptions beyond

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Speaker 4: just streaming services, and they're so easy to sign up

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Speaker 4: for because usually they give you a month free or

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Speaker 4: a big discount, and then it just automatically charged in

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Speaker 4: just to your credit card and you're not paying attention,

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Speaker 4: and it's six months or twelve months later and you've

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Speaker 4: been charged monthly for this service and you really haven't

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Speaker 4: been getting the most out of it.

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Speaker 2: Yeah.

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Speaker 1: They also say that they're using price trackers, installment payments,

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Speaker 1: and also flexible travel options like taking longer layovers and

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Speaker 1: airports so that they can get cheaper airfare.

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Speaker 2: Boy, I hate the long layover.

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Speaker 1: I like the direct flight to me, if you're gonna

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Speaker 1: save for travel, the direct flight.

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Speaker 2: Is a good expense. Yeah, that it gets you where

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Speaker 2: you want to go faster.

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Speaker 4: Yeah, If you want to fly to Florida and you

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Speaker 4: can get a direct flight to either Miami or Tampa,

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Speaker 4: you're gonna get there at about two two and a

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Speaker 4: half hours. If you've got to stop over in Atlanta

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Speaker 4: or Charlotte or Dallas, you can be looking at a

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Speaker 4: nine hour travel day because of all of that. So

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Speaker 4: I get that completely, that part of it, But being

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Speaker 4: part of experiences and spending your money on experiences, I'd

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Speaker 4: be interested. It's too bad that we don't have some

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Speaker 4: more data on this, but I'd be interested as to

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Speaker 4: how much social media is playing into this. Oh, like

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Speaker 4: a fomo, Well not only that, but I get to

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Speaker 4: go on vacation to Aruba and post all these beautiful

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Speaker 4: pictures on social media of me in a swimsuit and

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Speaker 4: by the beach and having drinks and having fun on vacation.

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Speaker 3: I wonder how much that is a factor of it.

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Speaker 4: I'm not going to post pictures of my grocery store

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Speaker 4: hall that I just went or the new kitchen table

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Speaker 4: that I just bought. But I am going to post

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Speaker 4: pictures if I spend money on a tropical vacation or

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Speaker 4: something exotic.

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Speaker 2: Yeah, that's a good point.

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Speaker 1: Gen Z Millennials, they let travel costs heavily influence their plans,

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Speaker 1: and vacations are the top use of PTO. Fifty five

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Speaker 1: percent of workers spend time on their trips rather than

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Speaker 1: just not doing anything.

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Speaker 3: Look, we like to travel. We get that.

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Speaker 4: I can completely get this, and I personally would cut

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Speaker 4: back spending on other areas in exchange for travel. We're

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Speaker 4: going to be traveling here in a couple of months

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Speaker 4: and seeing a family member for a birthday and making

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Speaker 4: a weekend out of it with a big group of people,

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Speaker 4: and that's that's valuable. It's an experience. I'm spending time

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Speaker 4: with family and people I love. I get why people

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Speaker 4: are hanging on to that vacation and travel budget like

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Speaker 4: grim death and cutting expenses everywhere else.

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Speaker 2: Well, everybody needs a chance to reset, don't they