Summary
Wealthier households, earning over $100,000, are dominating holiday travel this year, making up 45% of travelers and over half of paid lodging customers, according to Deloitte.
Rising costs, including airfare and luxury accommodations, have priced out lower-income households, whose travel participation has declined.
Affluent travelers are driving demand for premium experiences, with high-end destinations seeing significant price increases. Meanwhile, budget-conscious travelers are cutting costs by staying with family or using credit to fund trips.
Inflation continues to strain travel budgets across income levels, with 29% of travelers expecting to take on debt.
If you don’t have at least $10 million in liquid assets then you aren’t rich. In a less fucked up timeline what this article is calling rich would have been qualified as middle class. They’re just trying to shift the definitions to hide how out of control income inequality has gotten and how rampant poverty is becoming. With the current market prices, nevermind the absolute shit show it’s about to become, an income of less than $50k should be considered below the poverty line.
deleted by creator