'One-quarter of people with debt think they’ll never get out of it, a figure that has almost tripled in the past six years,” said one consumer spending analyst.
for the first time in four years, but many Americans still don't feel comfortable enough to take a summer vacation.about holiday planning reveals a creeping sense of financial strain among some American households. Among the more than one in four respondents who said they definitely won’t take a summer vacation, 60 percent said the reason was that they can’t afford to take one. By comparison, last year that figure was 50 percent.
Ted Rossman, credit card analyst at Bankrate.com, said the survey results hinted at a kind of bifurcation in Americans’ financial well-being. “We definitely do see these two camps emerging. People are doing pretty well but others have been left behind,” he said.
Further down the income spectrum, that risk is magnified: Among survey respondents who can’t afford a vacation and earn less than $40,000, 54 percent said day-to-day bills were the reason why.
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