News
More Americans miss summer vacation for financial reasons
Charlotte, North Carolina – Many Americans are planning to save some of their coins this summer for financial reasons.
What do you need to know
- A Recent Survey Shows More Americans Aren’t Taking Summer Vacation This Year
- The majority of respondents cited accessibility as a reason for not taking a trip
- A Recent Graduate Says She’s Rearranging Her Plans to Stay More Thrifty This Summer
A recent Bank Rate Search shows that only 53% of Americans are planning a 2024 summer vacation. But most of these travelers are willing to take on debt to pay for their trips.
The survey also reports that the remaining 47% of Americans plan to skip summer vacation altogether, with the majority citing affordability as the top issue.
This data comes as reports show that more Americans are struggling to make ends meet.
According to Pew Research CenterThe American middle class is shrinking, while the number of families living in lower-income households is rising, forcing more people to make difficult choices about how to spend their money.
Spectrum News 1 spoke to several people in Charlotte about these reports.
Many families declined on-camera interviews, but some said they would not take a summer vacation for financial reasons.
Others say they are taking a different approach.
Johnetta Sarkorh, 23, just graduated from the University of North Carolina at Chapel Hill.
Sarkorh now lives in his hometown of Charlotte.
“I am blessed to have great family support,” Sarkorh said. “I stay with my mother, so [I] except in that aspect being at home.”
Sarkorh says she’s focused on saving money. One way is to use the public park as a training location.
“As a recent graduate, I’m very used to using the college’s facilities. When I returned home, I wanted to find [a way to work out] and save money and just enjoy my city,” Sarkorh said.
Over the years, Sarkorh says he’s felt some pain related to inflation, so he’s approaching his summer plans a little differently this year to keep spending costs down.
“In terms of making travel plans, having to just adjust how much I’m going to spend, where I’m going, how far I’m going to travel,” Sarkorh said. “Instead of taking big, long trips, planning smaller trips, local trips, state trips where I know I can drive, are more economical.
“Life will always be up and down, you just need to learn to flow. This doesn’t mean you should stop your plans where you are, or that you shouldn’t travel or be depressed. to adapt Maybe, [you] I can’t travel that far and drive somewhere. Adjust and learn how to find balance and comfort in that adjustment.”