Cost-of-living crisis cancels traditional summer break for more than half of UK professionals, with 35-44 year-old workers hit hardest
Hampshire 14 August The traditional summer holiday is cancelled for an incredible 56% of UK workers this year as the cost of living bites.
A whopping 70% of those staying home this August simply can’t afford to take a break. Middle-aged workers (aged 35-44) are feeling the pinch the most, with more than three-quarters of the age bracket not having the money for a holiday. The full list of reasons is as follows:
- 70.1% can’t afford a holiday
- 19.1% don’t have the time to take a summer holiday
- 16.4% simply don’t want to
- 2.6% are put off by the temperatures in Europe
Of those choosing to get away, 61.1% will have to make significant cutbacks in order to fund the break and over a third are staying in the UK.
Summer holiday destinations for UK workers
- 48.7% Europe
- 37.4% UK
- 16.2% another country abroad
- 5.1% USA
67% of those taking a break in the UK would prefer to be going abroad but finances won’t allow it.
Lee Biggins, Founder and CEO of CV-Library said, “August is traditionally the busiest month for staff to take annual leave and have a much-needed break from work, but this isn’t the case this year. Circumstances and priorities have shifted for many, especially those with young families and mortgages to pay.”
Biggins added, “We saw a 49% year-on-year increase in applications to jobs in July, a further indication that UK workers are firmly focused on their incomes and job security this summer.”