Expect somewhat shorter lines at the airport and plan for a little more space to spread out your towel on the beach this summer, as some cash-strapped Americans are cutting back on expenses and vacations aren't always surviving the cut. More than half of Americans say they plan to skip a vacation this summer, according to the Chase Freedom-U.S. News Consumer Monitor, with only 36 percent of respondents making an income of less than $25,000 saying they are likely to take one.
Here is a rundown of how likely some groups say it is they will take a vacation this summer:
About the Chase Freedom-U.S. News Consumer Monitor Summer Survey:
The Chase Freedom-U.S. News Consumer Monitor Summer Survey was conducted by Ipsos Public Affairs. The telephone survey of 1000 adults nationally was fielded between June 15 and June 21, 2010. The margin of error on a sample size of 1000 is +/-3.1% and larger for subgroups.
The survey indicates that despite a dim view of the economy, consumers are excited about the summer and plan to engage in a variety of summertime activities. And while most Americans don't plan to change their credit card spending habits during the summer, they do recognize the benefits of getting the most bang for their buck.