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Hes also a No.
1 national bestselling author who lived out thepersonal financephilosophy he preaches.
Older sets might be surprised to learn that Gen Z is shunning airline rewards programs in droves.
That astonishing fact has the industry laser-focused on a trend that it cant be happy to see unfolding.
The younger the customers are, the less likely they are to participate in the airlinesbread-and-butter rewards programs.
That means travelers should expect traditional rewards programs to evolve or even fade away as older generations age out.
Or, as Kamel puts it, Dont get too attached to your precious sky miles.
First, they prefer rewards tailored to their unique travel preferences.
Second, Gen Zers are more likely to guard their data more closely than older generations.
I dont see a big difference in Delta knowing your birthday.
Third, it takes too long to accumulate significant rewards.
Younger generations are moving away from debt, and that includes credit cards, he said.
Thats good for Gen Z, but bad for the airlines.
Co-branded credit cards are a huge part of their rewards programs, said Kamel.
Its just based on transactions, said Kamel.
Now the airlines are going to have to pivot their strategy.
Look at you, Gen Z, making a difference out there.
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