Lake and Sumter Style Magazine
4:15 pm EDT
Tuesday, August 4, 2020

Who’s traveling overseas? 


According to the Boston Consulting Group, Millennials (ages 18 and 34) are more interested in international travel than older generations. The United Nations estimates that this demographic generates more than $180 billion in annual tourism revenue and equates to 20 percent of all travelers abroad.

American millennials have every reason to rethink the “golden years.” Retirement plans have been drastically affected by the number of American corporations who have ceased to offer pensions, according to the Center for Retirement Research. The number of companies providing pensions to workers is down by 44 percent in 1995 and 88 percent in 1983.

Like many peopel, millennials are also skeptical of the Social Security system; the Pew Research Center has reported that only 6 percent of millennial expect to receive the types of benefits that today’s retirees enjoy. For millennials, the idea to save travel for retirement is being replaced by better go now, while you can.