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RO3630058-0624 Financial Planning Personal Finance Retirement One thing: holiday economy There’s one thing you need to know about market movers and shakers, and some of the headlines. One thing that drives the market …the vacation economy is booming as Americans pack their bags for travel in 2024. But will consumers increase their budgets to satisfy their travel urges? Wandering Waves There are several signs that travel will recover this year, as Americans are eager to take off despite rising prices—in fact, U.


S. y more flights than ever before this summer.1 The Tran argentina phone number list sportation Security Administration reported a record high in daily passengers earlier this week (2.9 million passengers in a single day), and AAA expects the trend to continue: a record 71 million passengers are expected to take off over the July 4 holiday.2,3 But it certainly won’t stop there.


The number of consumers planning to take a vacation within the next six months continued to rise in June, according to the latest survey from The Conference Board. Empower Research echoes this expectation, with 90% of Americans planning to travel domestically this year and 37% planning to travel internationally. Confidence Contradiction Increased travel plans and willingness to spend appear to contradict ongoing inflation and rising borrowing costs.