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Young Americans Are Defying Inflation to Take YOLO Summer Trips (Correct)

Millennials and Gen Z are more likely than older generations to rack up debt and take vacations this summer.

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Not All Inflation Is Bad

Inflation is surging and recession fears are growing — but young Americans plan to live life to the fullest this summer, even if they have to eat into their savings or go into debt.

After more than two years of Covid-related restrictions, Gen Z and millennials are more likely than their older counterparts to travel this summer, to spend more on those trips than previous years, and to take on credit-card debt, according to a survey from Verasight commissioned by Bloomberg News.