RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Vacationing This Year? Your Generation May Inform Your Travel Log

January 18, 2016 12:54 am

Recent AARP research shows nearly all Americans are planning to take a leisure trip this year—but that’s where the commonalities end.

“[The AARP] survey shows that there is a clear generation gap among baby boomers, Gen Xers and millennials when it comes to taking a vacation, from planning to trip experiences to sharing memories,” says Stephanie Miles, vice president of Products and Platforms for AARP. “While everyone wants to travel, they have differing tastes and ways of making their trips their own.”

How exactly do these generations differ? Boomer respondents to the AARP survey plan to take the “trip-of-a-lifetime,” whereas Gen Xer respondents are planning multi-generational trips motivated by family. Millennial respondents, on the other hand, are seeking romantic getaways, particularly to international destinations.

Millennial respondents also plan to pack lighter than preceding generations, according to the survey, opting to bring casual wear like jeans and flip flops. Gen Xer respondents would be remiss without their camera to document their trip, and boomer respondents plan to tote along “a good book” and a list of emergency contact information.

Generational divides exist when it comes to travel costs, too. Boomer respondents to the survey say increased airfare would affect their vacation plans, even though they tend not to have a budget. Both Gen Xer and millennial respondents are more likely to make budgets for their trips.

A generation gap is also apparent when booking accommodations. Up-and-coming hospitality trends, like Airbnb and VRBO, are more popular with millennial respondents than any other generation.

Source: AARP

Published with permission from RISMedia.


Poll: Sunny Outlook Fosters Better Financial Habits

January 18, 2016 12:54 am

Many of us take stock of our financial situations come the New Year, setting goals in hopes of practicing better money management habits. But how exactly do we determine what those resolutions should be?

As it turns out, perceptions about the economy can have an impact on those pledges, according to a recent Harris Poll®. In poll findings, those hopeful for an improved economy were more likely to make savings plans for the year ahead, and those anticipating a worsening economy were more likely to try to cut back on spending.

Poll respondents with a positive perception of the economy were likely to make goals such as paying down debt, saving more for retirement and undertaking home improvements to increase home value.

Poll respondents with a positive perception of the economy were also likely to get rid of one or more credit cards.

Source: The Harris Poll®

Published with permission from RISMedia.