Many Americans Are Skipping Summer Vacation Because They Can't Afford It, Survey Says (Video)
Vacations are important — and there’s no time like summer to get away. While many Americans are booking tickets, dreaming of the beach, and squirreling away a little extra for a holiday splurge, many are getting ready to buckle down, sans vacation.
According to study done by Bankrate.com, 39 million Americans won’t be going on a summer vacation this year because they can’t afford it, with 44 percent of them citing day-to-day bills as the primary obstacle.
The same survey found that for those planning summer vacations, the average expected expense is $1,979 — a hefty cost when there are bills to pay and paid time off is running low.
While an extended trip to Paris or a scuba excursion in Aruba aren’t likely, there are ways to prepare now so you’ll be vacation-ready when summer hits. Take a realistic approach to saving money over the next couple months, then forgo summer’s pricey airfare and be a tourist in your own state or do the legwork to secure a once-in-a-lifetime cheap fare.