With nearly half of Americans planning to travel between Thanksgiving and New Year, the vast majority are making changes to account for higher prices, according to a recent survey.
This comes amid analysis that shows more than half of Americans’ wages are falling further behind, as Biden-Flation delivers the steepest pay cut in 25 years. Worse, Visa finds that inflation will be longer lasting than previously thought. As a result, real incomes are forecasted to remain negative until the first quarter of 2024.
From shortening their trips to opting to drive instead of fly, nearly 90 percent of American families making less than $50,000 a year are having to make changes to their holiday travel.
- Biden-Flation busts majority of travel plans: While 43 percent of Americans plan to travel between Thanksgiving and New Year, Biden-Flation is forcing nearly 80 percent to make changes to their plans.
- Low-income American families are forced to stay closer to home: Nearly 90 percent of Americans earning less than $50,000 are having to adjust their travel plans due to rising costs, compared to 70 percent of those earning more than $100,000 a year.
- In Biden’s America, holidays get shortened: As CNBC reports, “26 percent are shortening their trips, 25 percent are selecting cheaper accommodations or destinations, 24 percent are taking fewer trips, 23 percent are traveling shorter distances and 23 percent are driving instead of flying.”