Americans Feel They Can’t Afford Vacations and Recreation
August 16, 2019
More Americans are opting out of vacations and other leisure activities, feeling that they can’t afford them. A new survey from Bankrate shows that 42 percent of Americans said they decided against taking a vacation in the last year because of the cost. Nearly a third said that they are less able to afford a vacation today than they were five years ago.
It’s not just big-ticket items like vacations, but everyday recreation that like movies and sporting events that Americans are skipping. More than two-thirds of respondents said they skipped a recreational event due to cost at some point in the past year. The most common reason given was that it was too expensive or not a good value, but events were also skipped because there wasn’t enough money left after paying bills. Other respondents said they would rather save the money for something else.