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Wed Aug 14, 2019, 05:16 PM

Americans say they can't afford a vacation

Americans say they can't afford a vacation

Americans, crippled by debt and seeing signs of a slowing economy, are sitting out on pricey vacations and everyday leisure activities.

A new Bankrate survey found 42 per cent of Americans decided not to take a vacation over the past year because of the cost. Nearly a third said they can afford a vacation less now than they could have five years ago, though 26 per cent said they can afford to do so more now. More than two-thirds of U.S. adults opted out of a recreational activity due to the cost at some point in the past year, the study found.

You can’t blame them. Trade tensions have economists projecting the likelihood of a recession in the next 12 months at 35 per cent. U.S. student debt is over $1.5 trillion. Almost 40 per cent of Americans think the economy is “not so good” or “poor.”

https://www.bnnbloomberg.ca/polopoly_fs/1.1301361!/fileimage/httpImage/image.png_gen/derivatives/default/staycation.png

https://www.bnnbloomberg.ca/americans-say-they-can-t-afford-a-vacation-1.1301199

Half of respondents said the activities they passed on were too expensive to begin with or not a good value, while 43 per cent said they didn’t have enough money left over after paying everyday bills and 41 per cent said they wanted to save money for other things.


Parents missed out most of all. More than three-quarters of those with kids under the age of 18 reported missing out on activities, versus 66 per cent of non-parents.

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Reply Americans say they can't afford a vacation (Original post)
Demovictory9 Aug 14 OP
mr_lebowski Aug 14 #1
PandoraAwakened Aug 14 #2
gratuitous Aug 14 #3
virgogal Aug 14 #4
The Genealogist Aug 14 #5
RKP5637 Aug 14 #6

Response to Demovictory9 (Original post)

Wed Aug 14, 2019, 05:17 PM

1. What's a 'vacation'? (nt)

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Response to mr_lebowski (Reply #1)

Wed Aug 14, 2019, 05:25 PM

2. LOL! +1 for satire.

Golly, gee, do you think the American tourism industry is tired of all this winning yet?

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Response to Demovictory9 (Original post)

Wed Aug 14, 2019, 05:25 PM

3. But the unemployment rate is so low!

People working two or three jobs at wages that stagnated 40 years ago. But people work more efficiently than ever, and Labor generates Wealth at an unheard-of rate. Very little of that Wealth makes its way into the pockets of the workers, though. It's a bafflement where all that money's going. Just like the marvelous tax cuts that the Republicans swore up and down would pay for themselves this time, unlike all those other times. American taxpayers paid $90 billion more in taxes, but the budget deficit is on pace to blow through the trillion dollar mark again. Where did all those billions and billions go if not the wage earners or the nation's coffers? Seems like just about everyone is poorer this year. Who got fat off this, if not working people and the country?

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Response to Demovictory9 (Original post)

Wed Aug 14, 2019, 05:37 PM

4. When I grew up I would say that 75% of people couldn't afford a vacation.....42% isn't bad.

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Response to Demovictory9 (Original post)

Wed Aug 14, 2019, 05:46 PM

5. I haven't been on a vacation in 14 years

I haven't travelled for work or been o a plane for over a decade. I take a few cheap day trips each year, but I don't think I have been more than 250 miles from my home in over a decade. Some of this is due to anxiety issues on my part, but a lot is I just can't afford to travel.

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Response to Demovictory9 (Original post)

Wed Aug 14, 2019, 05:48 PM

6. I can't afford America anymore!!! n/t

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