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Gen Z's New American Dream: Prioritizing Travel and Experiences Over Homeownership

Fortune ·

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  1. 1August airfares rose 23.4%, while average U.S. travel costs increased 9% year-over-year.
  2. 2Among approximately 2,000 Gen Z tenants, 83% responded that renting allows them to save for life experiences.
  3. 3As of January 2025, 45% of Gen Z tenants prioritize travel and career growth over homeownership.

So what's the key point?

Younger generations in the U.S. value travel and experiences more than buying a home. They are using the money saved by renting to invest in gaining new experiences.

Source Fortune · View original ↗

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