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I tend to think of travel as status posturing. The thing about status posturing is people don't want others to think they are status posturing. So, they make up other reasons for why they do something. For example, you need the huge pickup truck because you haul a lot of stuff once a year. Travel is similar. People like to claim they need their status posturing to be well rounded individuals.

Now at the end of the day people have disposable income and have to spend it somewhere, but I don't think travel should be given the special regard that it is currently.