Summer vacation is approaching and it can be the perfect opportunity to give yourself a moment of rest and relaxation. Americans are already preparing for the season and most of them already have a budget to go on a trip at least for a few days. This is how much they plan to spend.
According to a study carried out by the financial company GoBankingRates, which took into account the responses of 999 people, only 25 percent do not intend to go on vacation in the coming weeks. The rest is already imagining what they will do.
- 4.68 percent will only spend between US$0 and US$99.
- 10.43 percent plan to spend between US$100 and US$299.
- 18.85 percent plan to spend between US$300 and US$499.
- 20.89 percent will allocate between US$500 and US$999.
- 26.87 percent will spend between US$1,000 and US$1,999.}
- 18.23 percent plan to allocate US$2,000 or more.
Something that caught the company’s attention is that the age ranges show that People between 35 and 44 years old are those who plan to spend the most. Followed by those between 45 and 54 years old.
Speaking of gender, it was highlighted that Men and women practically have the same idea regarding vacation expenses Well, 25 percent of women and almost 30 percent of men said they would spend more than US$1,000.
Most Americans plan to spend more than $1,000.
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Americans plan summer vacations without limitations
Less than 5 percent of respondents said that would keep their vacation expenses below US$100. Most of those who do not plan to overspend were found in the age range of 18 to 24 years.
In GoBankingRates’ opinion, the reason more people feel freer to spend money during their summer vacation is because three in ten say they have planned ahead, mainly those aged between 25 and 44 years.
Even so, it should be noted that, according to the company, The average American owes between $5,000 and $7,000 in credit card debt, Therefore, this means of financing could be the one chosen in the near future.
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