Between 1976 and 2000, we Americans took an average of 20 vacation days. Since then, we have averaged just 16 days a year. These vacation days include national holidays so, when you factor out Christmas, New Year’s day, Thanksgiving, Memorial Day, Labor Day, Veterans day, Martin Luther King day etc., most Americans no longer take a two week vacation.
This means that Americans, on average, do not take 169 million vacation days a year. This lack of vacationing costs the U.S. economy $275 billion, annually, in lost spending. This equates to 1.7% of the country’s GDP, proving that time is money!
Thanks to Dr. Elliot Eisenberg for this one.
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