Close to 70% of adults say they are making changes to their vacation plans this summer due to inflation, according to a new survey from Bankrate.
“We’re talking about things like maybe taking fewer trips or traveling shorter distances, picking cheaper activities once you’re there or cheaper accommodations or destinations,” said Ted Rossman, a senior industry analyst at Bankrate.
He said the results show just over 60% are likely to take at least one vacation this summer, including 33% who say they are very likely and close to 30% that say they are somewhat likely.
“I think gas prices are leading to a lot of people cutting back … but the thing is that jet fuel prices are so high that this is really filtering through to airline costs as well,” he said.
Poster Comment:
Wait until food prices soar later this year. People are going into debt t because they are struggling. Consumer debt and high prices will crash the economy.