According to the 2017 LearnVest Money Habits and Confessions Survey, 74 percent of people say they've gone into debt to pay for a vacation; to the tune of $1,108, on average.
On average, Americans spend 10 percent of their annual income on vacations. A quarter of respondents even said they spend 15 percent or more.
While 32 percent of Americans marked vacation savings as a financial priority, only 7 percent said retirement savings was top of mind.
Rick Good spent ten years in the newspaper business, including with The News & Observer (Raleigh, NC) and The Greenville News (Greenville, SC). He co-wrote, with Melinda Coleman, Rutledge to Riley: Governors of South Carolina, 1776–Present (Published by The Greenville News), and is the author of Mind Games Trivia #1 (Amazon). He has recently spent 15 years creating original trivia content through Sounds Good Mobile Entertainment and continues that with his new company, SGME Software. He edits The Smart Reader’s money, real estate, and business coverage.