WSJ Your Money Briefing Economic Worries Curtail Summer Travel Plans
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May 20, 2025 Economic uncertainty is reshaping summer travel plans for families across the nation. Many are scaling back or canceling trips, opting for affordable local adventures instead. While wealthier travelers continue their luxurious getaways, budget-conscious individuals are shifting towards road trips and staycations. Personal anecdotes illustrate the realignment of priorities as travelers navigate through cost-saving measures amid financial pressures.
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Wealthy vs. Budget Travelers
- Wealthiest travelers continue flying business class and taking expensive international vacations without cutting back.
- Middle-class Americans are scaling down vacations and canceling trips to manage their finances.
Declining Summer Travel Plans
- Only 40% of Americans plan to travel in the next six months, lower than pre-pandemic levels.
- Many choose cost-saving alternatives like road trips or local parks over expensive vacations.
Families Cut Travel Costs
- A Florida couple opted to drive to New York, saving up to $1,000 by avoiding airfare and hotel costs.
- Another retired couple reduced a $20,000 Europe trip to a $10,000 Disney World vacation to save money.