Value-of-living disaster cancels conventional summer season break for greater than half of UK professionals

Value-of-living disaster cancels conventional summer season break for greater than half of UK professionals, with 35-44 year-old staff hit hardest

Hampshire 14 August The normal summer season vacation is cancelled for an unbelievable 56% of UK staff this 12 months as the price of residing bites.

A whopping 70% of these staying dwelling this August merely can’t afford to take a break. Center-aged staff (aged 35-44) are feeling the pinch probably the most, with greater than three-quarters of the age bracket not having the cash for a vacation. The total record of causes is as follows:

• 70.1% can’t afford a vacation
• 19.1% don’t have the time to take a summer season vacation
• 16.4% merely don’t wish to
• 2.6% are postpone by the temperatures in Europe

Of these selecting to get away, 61.1% should make important cutbacks as a way to fund the break and over a 3rd are staying within the UK.

Summer season vacation locations for UK staff

• 48.7% Europe
• 37.4% UK
• 16.2% one other nation overseas
• 5.1% USA

67% of these taking a break within the UK would favor to be going overseas however funds gained’t enable it.

Lee Biggins, Founder and CEO of CV-Library stated, “August is historically the busiest month for workers to take annual depart and have a much-needed break from work, however this isn’t the case this 12 months. Circumstances and priorities have shifted for a lot of, particularly these with younger households and mortgages to pay.”

Biggins added, “We noticed a 49% year-on-year improve in purposes to jobs in July, an extra indication that UK staff are firmly targeted on their incomes and job safety this summer season.”