Travel and hobbies are considered a common investment of which group's discretionary income?

The perspective of empty nesters as a group that frequently invests their discretionary income in travel and hobbies stems from their unique life stage. Empty nesters are typically individuals whose children have grown up and left home, allowing for a shift in their financial dynamics and personal interests. With fewer family responsibilities and financial obligations related to raising children, they often find themselves with more disposable income and time. This newfound freedom often leads them to pursue travel opportunities and hobbies that they may not have had the chance to enjoy while they were focused on parenting.

Additionally, this group tends to prioritize experiences and personal fulfillment, which often translates into investing money in travel for leisure, cultural exploration, and hobbies that enhance their quality of life. In contrast, other groups like retired individuals may also engage in travel, but their priorities can vary significantly based on health and retirement income limitations. Parents of young children typically allocate their discretionary income towards expenses related to their children, and high school students generally have limited discretionary income. Therefore, the emphasis on travel and hobbies distinctly aligns with the lifestyle and priorities of empty nesters.