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Fortune
Fortune
Bilin Lin

Gen Z's new American Dream: Skip the mortgage, book the flight

Young woman with suitcase close to her waiting for transportation in airport lounge (Credit: Dejan Marjanovic/Getty Images)

Eating out less? Fine. Putting off a haircut? They’ll survive. Living with parents a little longer? Apparently doable.

Gen Z is cutting back, but not necessarily to save for the house, car, and family that once defined the American Dream. For many young adults, the thing worth protecting is travel—even as trips get more expensive. Average U.S. travel costs in August were 9% higher than a year earlier, according to NerdWallet’s Travel Price Index, with airfares up 23.4%.

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