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72% of Americans Did Not Take Summer Vacation Due to COVID-19 Concerns According to ValuePenguin.com Survey

Published: 2020-09-03 12:05:00 ET

Almost 44% of working Americans did not use any of their paid time off this summer

NEW YORK, Sept. 3, 2020 /PRNewswire/ -- With the pandemic sparking safety concerns and economic challenges, nearly three-fourths of Americans did not take a vacation this summer. Some even risked burnout by not taking paid time off. Those who chose not to travel or take time off did so for safety reasons, but also because they felt guilty since working from home.

As the summer season comes to a close, ValuePenguin conducted a survey on vacation and paid time off trends to see how Americans were faring during these unprecedented times.

Key findings:

72% of Americans did not take a summer vacation this year. Of those who did travel this summer, 71% opted for a road trip rather than flying.
44% of working Americans did not use any of their paid time off this summer, and an additional 22% took less time off than normal. When asked why, 16% expressed concern they could be at risk of furloughs or layoffs, and 13% felt guilty asking for time off since they're working from home.
A third of consumers had to put off a milestone trip such as an anniversary or graduation celebration. That's especially true for parents of children under 18, of whom 50% were forced to table a celebratory trip.
60% of Gen Z and 49% of millennials fought with family or friends over COVID-related summer travel disagreements, primarily over whether or not to reschedule an event and their decision to travel or attend an event.

View full report: 72% of Americans Did Not Take Summer Vacation

About ValuePenguin.com: ValuePenguin.com, part of LendingTree (NASDAQ: TREE), is a personal finance website that conducts in-depth research and provides objective analysis to help guide consumers to the best financial decisions. ValuePenguin focuses on value, assessing whether the return of a particular decision is worth the cost or risk of that option, and how this stacks up with the other possible choices they may have. For more information, please visit www.valuepenguin.com, like our Facebook page, or follow us on Twitter @ValuePenguin.

Media Contact:Nadia Gonzalez (Mrs.)Nadia@LendingTreeNews.com

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SOURCE ValuePenguin.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.