Survey Reveals Americans’ Price Tag for Leaving Jobs to Travel the World
A new study finds the average American would need $287,731 in savings to quit their job and embrace full-time travel, though generational and personal differences are significant.
- A nationwide survey of 2,000 Americans found that the average savings required to leave their current life for full-time travel is $287,731.
- Generation Z respondents reported needing $211,000 on average, while Baby Boomers required a higher amount of $335,000 due to greater financial responsibilities.
- About 32% of participants would need over $500,000 to feel secure enough to travel, while 18% would take the leap with less than $50,000.
- Interestingly, 17% of respondents said no amount of money could convince them to leave their current lifestyle for global adventures.
- When asked how they would spend a $1 million travel budget, the most popular choice (37%) was taking family and friends on a dream trip, followed by road trips (24%) and visiting iconic landmarks (21%).