More Americans can afford vacations but fewer want to take them

Americans have the money to travel this summer, but inflation and covid are giving them pause.

Only around a third of US consumers will use all of their vacation days this year, down from nearly 40% in 2019, according to a new survey by Bankrate, a financial planning site. Of those who aren’t planning a vacation this summer, 27% say they’re just not interested in taking one, the survey found. Another 20% are staying home because of covid, and 11% said they’re saving their vacation for another time.

The poll, which was conducted in early spring, showed that after beaches, the second most popular destination is a staycation, with 28% of respondents saying they’d rather chill at home than travel somewhere.

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