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Aussies’ appetite for travel hasn’t diminished despite cost of living pressures, with 91 per cent of Australians planning to travel this year.

However, while the younger generation has the travel bug too, there’s a few things they are willing to forgo to help keep costs down such as taking fewer trips, spending less on accommodation, booking cheaper destinations and the most “concerning” — not purchasing travel insurance.

New research from Southern Cross Travel Insurance (SCTI) revealed that 2.4 million Aussies say they won’t purchase travel insurance as a way to save costs due to financial pressures.

But, it can end up having the opposite effect, costing a lot more if things go pair-shaped on your trip.

“We’re seeing a concerning trend as Gen Z appears to be ditching travel insurance,” Jo McCauley, CEO at Southern Cross Travel Insurance told news.com.au

“According to our research twice as many Gen Zs are saying they won’t be purchasing travel insurance this year compared to Baby Boomers.

“We’re also seeing this trend represented in our policy