Despite the importance Americans place on travel, only 15 percent place a high priority on saving for it, new research shows.
Transamerica Center for Retirement Studies, in collaboration with the Global Coalition on Aging, discloses this finding in “Journey to Healthy Aging: Planning for Retirement.” The survey of 1,500 U.S. adults ages 25 and older explores Americans’ dreams for traveling in retirement, what people are doing to plan and save for travel and linkages between travel and active living and healthy aging.
The report reveals that only 15 percent of survey respondents place a high priority on saving for retirement and just 12 percent have given it a lot of attention. Nearly two in 10 have explicitly factored travel into their retirement savings plan (4 percent have a dedicated savings account, while 14 percent have factored travel into their overall retirement savings plan).