Domestic flights, hotels and car rentals are less expensive this Labor Day than they were last year, but Americans are still planning to scale back their plans.
Rising living costs and inflation are causing 20% of Americans to either cut back, skip or shorten their trips this year, according to a survey of 1,000 U.S. citizens for a Labor Day Report from the outdoor lifestyle brand Retrospec.
Of those surveyed, 19% said they are driving instead of flying to save money, and 18% said they are shortening their trip or reducing planned activities. Fourteen percent said they are skipping dining out or paid events, 11% are skipping hotel or Airbnb stays, and 10% are refraining from hosting a party or barbecue.
Another 7% said they are not celebrating the Labor Day holiday at all this year, while 17% said they plan to work because they need the extra income, according to the report.
