American Hiring Freeze
07-06-2024, 10:56 AM
#271
Gets Weekends Off
Joined APC: Dec 2011
Position: A320 FO
Posts: 976
Everyone can see the airports now. The question is fall bookings. No management team is talking about that. Is revenge travel here to stay for another season? It feels long in the tooth but I'm fine with YOLO keeping all of us employed.
07-06-2024, 11:17 AM
#272
Gets Weekends Off
Joined APC: Mar 2014
Posts: 3,223
Study shows Americans willing to go into debt for vacation
According to a Bankrate survey, over one-third of Americans will take on debt in order to travel during the summer. While this consumer habit can apply to Americans across the board, Gen Z and Millennials are doing it at the highest rate.
The Bankrate survey shows 47% of Millennials and 42% of Gen Z said that they plan to go into debt in order to pay off a vacation. Michael Goldberg, a consumer habits specialist out of Case Western Reserve University, said there could be a couple of reasons for this behavior. Younger generations want authentic experiences.
According to a Bankrate survey, over one-third of Americans will take on debt in order to travel during the summer. While this consumer habit can apply to Americans across the board, Gen Z and Millennials are doing it at the highest rate.
The Bankrate survey shows 47% of Millennials and 42% of Gen Z said that they plan to go into debt in order to pay off a vacation. Michael Goldberg, a consumer habits specialist out of Case Western Reserve University, said there could be a couple of reasons for this behavior. Younger generations want authentic experiences.
07-06-2024, 04:43 PM
#274
Line Holder
Joined APC: Oct 2019
Posts: 96
No, he has been a voice of reason here for years. His views and experience are a welcome addition to this morass. It is a fact that when COVID furloughs were on the table APA shined in holding the line on any pay rate cuts as well as the zero time-line construction to reduce the total number. Nothing he said is wrong.
07-06-2024, 05:02 PM
#275
Gets Weekends Off
Joined APC: Mar 2021
Posts: 1,314
The Bankrate survey shows 47% of Millennials and 42% of Gen Z said that they plan to go into debt in order to pay off a vacation. Michael Goldberg, a consumer habits specialist out of Case Western Reserve University, said there could be a couple of reasons for this behavior. Younger generations want authentic experiences.
How do you "pay off a vacation" via debt?
How do you "pay off a vacation" via debt?
07-06-2024, 05:17 PM
#276
Line Holder
Joined APC: Oct 2019
Posts: 96
The Bankrate survey shows 47% of Millennials and 42% of Gen Z said that they plan to go into debt in order to pay off a vacation. Michael Goldberg, a consumer habits specialist out of Case Western Reserve University, said there could be a couple of reasons for this behavior. Younger generations want authentic experiences.
How do you "pay off a vacation" via debt?
How do you "pay off a vacation" via debt?
07-06-2024, 06:32 PM
#277
Gets Weekends Off
Joined APC: Jul 2021
Posts: 378
You can’t just add $1,200,000,000,000 into circulation overnight. This is still “infrastructure spending”.
Supposedly total national student loan payments are equal to $18,000,000,000 a month.
18 Billion a month starting back on a September “on ramp” will likely suck wind out of airlines.
45 million people restarting their $350 loan payments has to be felt somewhere.
07-07-2024, 07:49 AM
#279
CHILLAX
Joined APC: Dec 2023
Posts: 118
You are making a huge assumption: that demand holds up. Economic activity is already slowing, people are up to their eyeballs in CC debt, and Covid revenge travel money appears to be finally running out. Every expert says this pace of travel is unsustainable. Attrition will most likely lead to right sizing without the need for furloughs.
07-07-2024, 08:08 AM
#280
Gets Weekends Off
Joined APC: Aug 2014
Posts: 530
You are making a huge assumption: that demand holds up. Economic activity is already slowing, people are up to their eyeballs in CC debt, and Covid revenge travel money appears to be finally running out. Every expert says this pace of travel is unsustainable. Attrition will most likely lead to right sizing without the need for furloughs.
https://fred.stlouisfed.org/series/TDSP
Thread
Thread Starter
Forum
Replies
Last Post
Lbell911
Regional
23
04-22-2012 10:33 AM
