Summertime, and the livin's pricey
Just 42% of Americans are sure they’ll be taking a summer vacation this year, the lowest confidence level since 2013, when 40% planned on a summertime trip, according to new findings from the travel insurance provider Allianz Global Assistance.
Pfeffer, the author of “Dying for a Paycheck: How Modern Management Harms Employee Health and Company Performance — And What We Can Do About It,” said financial worries about vacation come in two forms.But even those who can afford a trip have worries too, Pfeffer added. Sometimes they’re concerned about being perceived as slackers if they take too much time off. They could also fear bosses will see them as expendable if they’re away from the office too often.
Summer vacation spending could be a record-breaking $101.7 billion, the Allianz survey said. That would be an approximately 5% jump from the $100.4 billion projected for summer vacations spending last year. For example, Bill Gates, the co-founder of Microsoft MSF, -0.22% recently said it took him until his 30s to start enjoying vacations and weekends. “It really is true that I didn’t believe in weekends; I didn’t believe in vacations,” he said.
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