Part 3/7:
In contrast, previous generations rarely had access to air travel, making it a luxury. Today, flying is commonplace, yet it comes with considerable financial obligation. Unfortunately, many find themselves increasing credit card debt to fund these vacations, which leads to added stress when it comes time to address holiday expenses.
Historically, tools like Christmas Club accounts helped families save for significant expenses like holiday gifts. However, such savings mechanisms are becoming obsolete. Without these buffers, many struggle with financial burdens that can follow them into the new year.