A European study conducted by a leading financial platform reveals an in-depth analysis of consumer attitudes when planning vacations. The survey covers 20,000 people from 20 countries, presenting a detailed picture of financial concerns and travel behaviors.
The most significant result shows that 19% of respondents experience serious fear of unexpected expenses that could compromise their overall vacation budget. In parallel, 17% point to the risk of physical theft as the second main threat, while 14% are concerned about potential financial fraud.
An interesting nuance in the study is the differences between generations. While 33% of Generation X representatives are most likely to spend beyond their usual financial boundaries, the younger Generation Z shows higher financial sensitivity. For example, 15% of them regret exceeding the budget, which is almost double the average percentage.
The statistics also reveal interesting saving and spending patterns. Only 27% of respondents declare that they purposely set aside funds in a vacation fund, while the majority of 46% rely on their current financial income.
The motives for exceeding the budget are diverse. 23% admit the desire to "live the moment" as the leading reason, followed by 22% due to unexpected expenses and 12% making impulsive purchases.
The conservative attitude of certain age groups is also notable. For example, 51% of millennials categorically state that they would never exceed their pre-planned vacation budget.
Additional context is provided by Eurostat data, which shows an alarming picture regarding vacation accessibility. In countries like Romania, Greece, and Bulgaria, over 40% of the population faces serious difficulties in taking a one-week vacation.
The study unequivocally demonstrates the complexity of financial planning for travel and the need for a more in-depth understanding of consumer attitudes and challenges.