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Americans’ financial worries are messing with their summer vacation plans

It’s been years since the prospect of summer fun seemed so shaky.

Just 42% of Americans are sure they’ll be taking a summer vacation this year, the lowest confidence level since 2013, when 40% planned on a summertime trip, according to new findings from the travel insurance provider Allianz Global Assistance.

Over half of the people who weren’t confident they’d be taking a summer vacation (52%) cited financial reasons — another reminder that many still feel unsteady about their money situation even in a decade-long bull market with very low unemployment.

The financial concerns and crimped summer plans didn’t come as a surprise to Jeffrey Pfeffer, a professor at the Stanford Graduate School of Business.

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