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31 October 2012 09:32
The 55+ age group identified their holidays as their number one spending priority
The picture of older people tucked up on the sofa watching television with a rug over their knee is increasingly wide of the mark. Older travellers are the least likely to curtail their holiday plans over the next 12 months, a new poll has revealed. While younger individuals flagged up alternative spending commitments like saving for a house or paying off debts, seniors from across the social spectrum identified holiday spending as their number one priority.
Those in the 55 plus age group were the most enthusiastic about their upcoming overseas adventures, identifying it as their spending priority, according to a poll of 2,000 people by professional services firm PricewaterhouseCoopers (PwC). Perhaps unsurprisingly, those in the younger age bracket, 18-34, were forced to prioritise saving for a new home, as well as credit card or loan repayments. The 35-54 age bracket cited monthly mortgage repayments, home improvements, and paying off credit card debt or loans.
With the children having left home and the mortgage paid off, many older individuals are using their later years to tour the world, but it is vital that older travellers make sure they have
senior travel insurance to protect them in the event of unforeseen circumstances. PwC partner David Trunkfield said: "The elderly and retired are the most positive about spending on holidays next year. Consumers have also eased back a little from some of the more radical 'coping strategies' they have adopted to reduce holiday spending over the past three years."
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