Every month American Consumer Credit Counseling posts a poll question on its homepage. For the month of June, ACCC asked…
How much have you budgeted for a summer vacation this year?
Here’s what we found out…
We had nearly 1,800 respondents to this months’ poll (Woohoo!)
- Over 40% of respondents will not take a summer vacation at all this year
- Only 11% have budgeted more than $1,000 for their vacation
- 17% plan to spend less than $250
- Only 1/3 of respondents will spend more on a vacation this year than last year
- 1/3 are spending the same as last year
- And the other 1/3 is spending less this year
- 15% of respondents had families of 5 or more
- Nearly half of respondents were in a family 1 of 2
Since 40% of respondents are not taking vacations this year, we could assume that things like the economy, gas prices, travel expenses, etc. are keeping families from doing so. Of those that are taking vacations, 2/3 are spending the same or less than the previous year. This could be for the same reasons, or any number of circumstances. Keep in mind that a lot of our respondents have families of 1 or 2, so it may be that a lack of children decreases the need for a vacation. As a whole, it seems that most families are either maintaining the same budget or trying to spend less.
What do you think of the results? What’s the reason behind these numbers?