Money Keeping Folks from Taking Vacation this Summer

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.

Source: Fox News