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Could cutting vacations save retirement?

Cutting vacations out of ones budget could be a way to save for retirement -- or never make it to retirement.

By Marlene Y. Satter | Updated on June 05, 2017
Cutting vacations out of one’s budget could be a way to save for retirement -- or never make it to retirement. (Photo: Getty)

Americans plan more to save for vacations than they do for retirement, according to a COUNTRY Financial study, which also reveals that 51 percent of workers indicate that they don’t factor retirement into their long-term financial goals.

And while a Madison.com report suggests that cutting vacations out of one’s budget could be a way to save for retirement, particularly in light of a 2016 study by Travelex that finds that the typical American spends roughly $2,000 per year on a vacation, there are definitely other factors to consider.

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