They’ll be home for Christmas — but it will be on their parent’s cost.
CNBC noted that a new study reveals that due to rising prices, young people may ask their parents for a flight as an early gift.
Credit Karma found that 41% of Generation Z will ask their parents or other family members to cover the cost of their holiday excursions.
And, according to the travel booking service Hopper, the cost of a ticket during the Christmas holidays is projected to increase to $463. Airline tickets are 31% more expensive than in 2019 and 39% more expensive than in 2021.
The survey discovered that parents spent $1,000 every month to bring their loved ones home for the holidays.
Colleen McCreary, a consumer financial advocate at Credit Karma, told CNBC, “If you’re searching for methods to save on your ticket, consider booking travel on less desirable travel days.”
One option to save, though, is to travel on days like Christmas Eve and Christmas Day, McCreary added, as such dates will most likely offer cheaper fairs. Additionally, she suggested that flying to smaller regional airports will affect travel prices.
The survey discovered that parents spent $1,000 each month to bring their loved ones home.
Nonetheless, others choose to spend the holidays alone. One in ten respondents surveyed by Credit Karma indicated that they can’t travel back home owing to the escalating expenses and 79% of adults have modified their plans totally.
“But really the best thing you can do is respond fast,” McCreary said. “Don’t wait to get your plane tickets. Prices will not improve.”
This is not the first time that Generation Z has been criticized.
Credit Karma found that 41% of Generation Z will ask their parents or other family members to cover the cost of their holiday excursions.
According to a recent survey, individuals of Generation Z do not appreciate meeting each other outside of the workplace, despite claiming to strive for a healthy work-life balance.
“I prefer not to socialize with employees when I’m trying to unwind and forget about work,” one individual told The Post.
Also causing considerable outrage was Generation Z’s apparent cancellation of the “thumbs up” and nine other emoticons for being too “passive aggressive.”
»Generation Z is returning home for the holidays on their parents’ dime«