Summer Holidays No Matter What

More than 10,000,000 UK citizens have plans to plunge into debt to pay for that so-longed-for summer holidays.
The Bright Grey study has revealed that about a third (32%) of UK citizens are going to use a credit card, a payment plan offered by a travel agency or borrow money from friends or relatives for funding their holidays.
As surprising as it may seem, despite government spending cuts from everywhere and affecting everyone in the UK in some way or another, almost one in seven respondents said they simply must have a summer break every year, even when their current financial situation leaves much to be desired.
When there is no guarantee of job security, an increasing number of people value the need to travel somewhere as a higher priority.  In addition, financial security was ranked less important than personal health.

Roger Edwards, of Bright Grey, comments that although having a memorable holiday trip can be very important for a great number of Brits, with almost a third having to borrow money for their travel during summer break this year, it is necessary to make certain their trip will not result in a financial hangover when they come back.


The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.