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In survey results released today by fintech firm OppLoans, 43% of respondents admitted to recently taking a vacation they couldn’t afford, and many reported emotional and financial consequences as a result. Report highlights include:
Approximately 57% of respondents said a “vacation mentality” contributed to poor spending decisions that they wouldn’t otherwise make.
The survey, which ran from May through July 2019, was commissioned by OppLoans and conducted by Pollfish. It asked 7,480 vacation-goers about their vacation spending habits during the past 5 years. While the responses revealed a national trend of risky overspending, the data also illustrated geo-specific and telling differences among the states. Specifically:
Surprisingly, states that ranked high for excessive vacation spending didn’t necessarily rank high for guilt. Findings included:
“People go on vacation to leave their worries behind,” said Matt Pelkey, senior content manager at OppLoans. “But from our research results, it’s apparent that many Americans find guilt, stress, and unaffordable bills waiting for them when they return.”
OppLoans’ complete survey findings, as well as a shareable infographic and consumer tips for post-vacation finances and stress management, can be found at OppLoans.com.
OppLoans is one of the highest-rated online finance platforms and service providers in the industry. With fast funding, total transparency, and unmatched customer service, OppLoans provides non-prime borrowers a reliable source of short-term funding. For more information, please visit OppLoans.com.
Wendy Serafin OppLoans firstname.lastname@example.org