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A recent Bankrate survey says more than a third of Americans will take on debt to fund their summer vacation this year; of those surveyed, just over half will take a summer vacation in 2024. Meanwhile, the remainder of participants reveal they cannot afford to take a trip at all. The trend is not limited to stateside citizens — a Eurostat report shows that based on the 2023 data, nearly 30% of Europeans also struggled to take a one-week vacation.