Live to Work or Work to Live: Is Money Holding You Back?

Live to Work or Work to Live: Is Money Holding You Back?

Apparently, almost half of Americans didn’t go on vacation last year because of the cost. Have you skipped out on a trip because of cost?

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Total Votes : 23

Scroll down to see how people across America voted.

“All you need is love” the Beatles chanted over and over again in the hit song from 1967 called “Love Is All You Need,” and I’m not trying to be a buzzkill here, but is that true? Did John Lennon and Paul McCartney have thousands of dollars in credit card and student loan debt that they needed to pay off?

In all fairness, we all know that’s just a figure of speech in the song, but when the New York Post writes an article on how “Americans can’t afford vacation anymore,” it makes one consider the importance of not only love, but also money.

The article contains some interesting facts and figures taken from an online survey of about 2,500 adults, which was bespoken by Bankrate, a personal finance website.

The survey found that a whopping 68 percent of Americans have skipped recreational activities in the last year because of the cost. Additionally, it was indicated that 42 percent of participants skipped vacations, 32 percent didn’t go to concert, and over a quarter of participants skipped things like going to the movies, eating out with family and friends and things like those.

Going back to what I was saying about John Lennon and Paul McCartney, a lot of participants, 43 percent of them to be exact, stated that they didn’t because of the cost and that they prioritized paying off credit card and student loan debts or saving. Then there was also the 50 percent that didn’t do those things because it was “not worth paying for.”

The study reveals more information with generational difference as there was a significant gap between millennials, with 21 percent, and baby boomers, with 5 percent, that couldn’t afford a vacation because of student loans. Furthermore, at 76 percent, parents with children under 18 were the most likely to skip a trip because of money, and the Generation X participants were the most likely to lack the finances for a vacation.

So, it seems that it could be more about where people are choosing to put their money, whether it be to pay off debt or spending it on something else that they deem more important or valuable. Or maybe the answer lies in the financial differences in the generations and the expenses people accrue over time. All we know is that, according to the study, money plays a crucial role in what we can spend our time doing.


Here’s how people on the Zip app are weighing in on this all over the country!

Apparently, almost half of Americans didn’t go on vacation last year because of the cost. Have you skipped out on a trip because of cost?

Totals
71% Y – I sure have
29% N –Don't miss anything
Males
67% Y –I sure have
33% N – Don't miss anything
Females
84% Y –I sure have
16% N – Don't miss anything

Y – I sure have

N – Don’t miss anything


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