Go Now-Pay Later: Time Payment for International Travel

Abstract

Despite the fact that 58 per cent of American families have less than $500 in liquid assets, international time-payment travel plans have been proved successful. The majority of the travelers who buy air travel in this manner have average monthly earnings under $400. They are chiefly govern ment employees and skilled, semiskilled, and unskilled workers. The phenome nal growth of the "Go Now—Pay Later" idea indicates that the word debt has lost its old meaning; that buying on credit has become a way of life; and that leisure travel competes for the consumer dollar with such durable goods as tele vision sets, refrigerators, and secondhand automobiles.