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Nearly half of Americans plan to go on vacation if they receive a second stimulus check, survey says

According to the survey, people return more stressed after a trip during the pandemic.

Photo: Anna Shvets / Pexels

About half of Americans are considering taking a vacation in case of receiving a second stimulus check according to a new survey. Financial advisers, however, assure that not the best way to spend that money.

He 49% of respondents said they would be more likely to book their first or second vacation this year if they get another stimulus check by the federal government, according to the survey conducted by the financial services firm IPX 1031.

The figures are compared to the 20% of the population who have already planned a trip and the 27% who have already vacationed since the coronavirus pandemic began. The company interviewed 2,207 people between the ages of 18 and 79 in early July.

The federal government sent stimulus payments of up to $ 1,200 per adult and $ 500 per child dependent under the age of 17 earlier this year, based on income levels, to help Americans affected by the pandemic and the ensuing economic downturn.

The negotiations between Democrats and Republicans in Congress over one second round of financial aid payments as part of a larger package, they are stalled despite both parties insisting on supporting a new proposal.

The stimulus was designed to ensure that some people can pay their bills at home from being laid off or your income level decreased due to the coronavirus crisis.

Finance experts have recommended that if you have received an aid check it is important that you keep it in cash if you need to strengthen your liquidity and feel better faced with an uncertain future.

Some financial firms also recommend delay important purchases, accumulate cash and expand credit lines especially when times are hard but no one recommends going on vacation.

Related: How to maximize expiring reward points if you don’t have travel plans during the summer.

In case you continue with your work or have had to resort to your savings or generate emergency savings, it is important to know what they are your financial goals for people can allocate money in the best possible way.

If you are still thinking of taking a short break from your work and you have the possibility of taking a vacation, it is important that you consider the risks to your health. If, on the other hand, you are tired of the months of confinement and consider an exit as a way to let off steam and improve your mental health, it is time to take a break.

The recommendation of the analysts is that if you were planning a vacation and you can cancel it, you can plan it on other dates and save some money during this period.

Signature IPX 1031 believes that COVID-19 has altered the way Americans have vacationed this summer and travelers are more stressed after a tripaccording to Collin Czarnecki, a spokesman for the financial firm. “Taking vacations can backfire when businesses or attractions are closed and social distancing is always on your mind.”

If you still plan to vacation with the money from a possible second stimulus check it is important that you take into account the following data:

According to the survey among those who have traveled the most 20% were unable to fully relax. A 27% felt stress during the holidays and a 62% regretted having taken vacations. A 83% of travelers spent less on their travels.

For their part, among those still planning a trip 58% of respondents are concerned that they will not be able to relax, a 62% will reduce rest days and a 71% are concerned about stress and anxiety that will cause the vacation to take place during the coronavirus pandemic.

Related: Airbnb is reporting an increase in demand for reservations since the quarantine began.

The good news They highlight that near the 85% percent of people who have a summer house they worked remotely from there, 59% were checking e-mail and 43% worked during their vacation period.

The poll points out that thinking about taking or not taking vacations is leading people having trouble disconnecting from work, even if you have taken a vacation.

If you decide not to travel and save during this pandemic Perhaps the worries will be less at night to see that perhaps you have a additional amount of money to protect you from any emergency.

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