More than 41 million Americans will hit the road on July 4th weekend, sparking a big summer trend

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More than 41 million Americans will hit the road on July 4th weekend, sparking a big summer trend
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More than 41 million Americans will hit the road on July 4th weekend, sparking a big summer trend. investinyou (In partnership with acorns.)

Each summer, Brian Ross and his wife road-trip several times from their home in Minneapolis to Lake Superior's Arrowhead region along the North Shore of Lake Superior. Their cabin, a five-hour drive from the Twin Cities by car, lies on a road that Ross reports getting stuck on several times. "You don't want to risk it without four-wheel drive," he said.

"Even inexpensive vacations can feel like an extravagance if they take money away from paying your bills or saving for your future," Wronski said. While the results indicate that 63% of baby boomers self-identify as "savers" rather than "spenders," compared to 52% of adults ages 25–34, Americans age 65 and over are five times more likely than millennials and Gen Xers to budget more than $10,000 on summer travel — a lifetime of saving may now allow them to be more lavish in their leisure spending.

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