Money keeping you from Summer Vacation?

You know you could win $1000 each hour, 16 times a day starting at 6:30a! Mmmmm.... vacation, here you come. But here's the whole story:

  • A new Bankrate survey finds that 52% of Americans are planning to take a summer vacation this year, while 26% definitely won’t be
  • 39 million Americans say they won’t be going on a vacation because they can’t afford it
  • The average person will spend $1,979 on their summer vacation 

Summer is just around the corner, and while plenty of folks are probably already looking forward to their summer vacation, it turns out a lot of people have nothing to look forward to at all.

A new Bankrate survey finds that while 52% of Americans are planning to take a summer vacation this year, 26% definitely won’t be, with 39 million Americans saying they won’t be going on one because they can’t afford it.

The survey notes that the average person will spend $1,979 on their summer vacation, while older Millennials (30 to 38) will spend about $2,366, and younger Millennials (23 to 29) will spend about $1,297.

As for what is keeping folks from being able to afford a getaway this summer, 44% cited day-to-day bills, while 22% say they are too busy paying down their debt to afford to go away.

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