35% of British people are willing to get into debt to fund their holidays

by on June 4th, 2010

A recent news article published by the Daily Mail online claims that 35% of British people would get into debt to pay for a holiday.

The figures, based on a survey carried out by travel guide specialist Lonely Planet, also revealed that only 1% of people would postpone or cancel their holiday plans because they couldn’t afford it. This is even more worrying when added to the charges people are racking up for using credit cards abroad.

How important are overseas holidays to you?

Do you fall into the 35% of people who would risk getting into debt for a break away, or are holidays something that you can live without if you don’t have the cash up-front to finance them.

Do you have any less expensive holiday ideas or activities that you want to share with other readers in the comments section below?

  • MattB

    I will be spending my holiday in sunny old blighty this year and i have a budget for it so there should be no overspend

  • http://www.cleardebt.co.uk/ Andrew Smith

    I’m taking my 4 daughters away – so money is tight and cash for days out is much more important than accomodation. Thankfully they are good at “roughing it”.

  • http://www.cleardebt.co.uk/news/holiday-costs-drag-millions_7682.php Holiday costs ‘drag millions into debt’ | Latest UK Debt News & Personal Finance | ClearDebt Newsdesk

    [...] Millions of Britons could soon require debt advice after new research has revealed the vast amount holidaymakers borrow to take a trip abroad. [...]

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