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Economy, Personal Finance

“Americans say they can’t afford a vacation”

“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/americans-say-they-can-t-afford-a-vacation-1.1301199

Of course they can’t take a vacation. Most Americans live above their means or even worse paycheck to paycheck. Trying to keep up with the Jones is a bad idea. They need to reduce their standard of living to something affordable.

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