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Gen Z is cutting costs everywhere \u2014 except at the airport.\u00a0<\/p>\n
A new report<\/a> from Fox Business\u2019 The Big Money Show<\/em> shows that Gen Z is abandoning everyday splurges but refuses to give up travel. According to a Future Partners study<\/a>, 43.6% of Gen Z take spontaneous leisure trips very frequently or frequently compared to the 25.2% average across generations.\u00a0<\/p>\n Gen Z is trading dining out and self-care for a passport stamp. A Skyscanner 2026 travel trends report<\/a> shows that the generation consciously made financial sacrifices for their most recent vacation. More than half of the respondents (52%) said they ate out less and 40% said they cut back on haircuts.\u00a0<\/p>\n Taylor Price, founder of Priceless Tay<\/a>, a personal finance education and coaching platform, told Fox Business that Gen Z is \u201creorganizing the American Dream.\u201d<\/p>\n \u201cWe haven\u2019t forgotten about it,\u201d she explained. \u201cSo back in my parents\u2019 generation, it was work, get married, have children, get a house, retire, then go and travel the world.\u201d<\/p>\n Price said that owning a house now feels outside of the realm of possibility and is \u201cout of touch\u201d with Gen Z\u2019s reality. Instead, the generation is focused on achieving other, more immediately attainable goals.\u00a0<\/p>\n \u201cWe\u2019re beginning to travel a lot more now,\u201d she said. \u201cWe\u2019re just changing that reality for us.\u201d\u00a0<\/p>\n Price mentioned that Gen Z is thinking about homeownership in a \u201cvery strategic way.\u201d Instead of buying a home, this generation is taking their savings and investing the funds, growing them over time.\u00a0<\/p>\n \u201cWith investing apps now, we have so much accessibility in different ways to build wealth,\u201d Price said. \u201cGoing back to homeownership, that was a principal way previous generations were able to create wealth.\u201d<\/p>\n She mentioned that now, Gen Z is looking at creating wealth by investing in the stock market.<\/p>\n \u201cIt\u2019s amazing because this is one way that we\u2019re able to accelerate our wealth-building opportunities,\u201d she said.\u00a0<\/p>\n Gen Z is also focused on career growth. Those who live in rural areas can easily move to cities for work without worrying about making mortgage payments on a house.\u00a0<\/p>\n Americans now expect to be about 40 when they purchase their first home, compared with 28 in the early 1990s, according to data cited earlier this year by Fortune<\/em><\/a>.\u00a0<\/p>\n More than half of non-homeowners said in the data that buying a house feels unattainable. Even renters under 40 earning six-figure salaries said they were less confident about becoming homeowners than they were five years ago.<\/p>\n Some Americans are turning to travel as an alternative to a grounded, home-owning version of stability that feels out of reach. They are becoming digital nomads, traveling while earning money through remote work.\u00a0<\/p>\n An estimated 18.5 million Americans<\/a> identify as digital nomads, up from 7.3 million in 2019, according to workforce consulting firm MBO Partners. Millennials and Gen Z account for 75% of that group.<\/p>\n<\/p><\/div>\n Gen Z is cutting costs everywhere \u2014 except at the airport.\u00a0<\/p>\n A new report<\/a> from Fox Business\u2019 The Big Money Show<\/em> shows that Gen Z is abandoning everyday splurges but refuses to give up travel. According to a Future Partners study<\/a>, 43.6% of Gen Z take spontaneous leisure trips very frequently or frequently compared to the 25.2% average across generations.\u00a0<\/p>\n Gen Z is trading dining out and self-care for a passport stamp. A Skyscanner 2026 travel trends report<\/a> shows that the generation consciously made financial sacrifices for their most recent vacation. More than half of the respondents (52%) said they ate out less and 40% said they cut back on haircuts.\u00a0<\/p>\n<\/p><\/div>\nMoving beyond homeownership<\/h2>\n
A new American Dream<\/h2>\n
Key Takeaways<\/h2>\n
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