NEW YORK — Cheaper gas won’t be enough to get many more Americans on the road this summer. They’re still too worried about their jobs and the economy
Economists and tourism experts are expecting only a small uptick in summer travelers. Gas prices are lower, but still high enough to keep some Americans off the road. The job market is improving, but still shaky. And household debt remains high.
Those who do travel won’t feel free to splurge. The bulk of road trippers, experts say, will take shorter trips and reduce food and entertainment spending to conserve cash.
“Travel is about security,” said John Larson, Vice President for IHS Global Insight, the firm that analyzed the AAA study. “If you feel less secure about your future, you may be less willing to take this trip.”
OPPORTUNITY: Make all of your bills tax deductable! (cellphones, tv, energy, etc.) Let us help by calling and setting up an appointment on (626) 209-0371