Wednesday, May 18, 2022

Vacation more important than retirement provision?

 Of course both are important. And above all, holidays in old age should not be forgotten; after all, there is more time, but no more income from work.

 3.4 hours vs 2 hours

 A study recently commissioned by Expedia says that vacation planning is far more important to United State than their own retirement provisions. In the survey conducted by the market research institute IPSOS between May 25 and May 29, 2018 in Germany, 1,000 adults between the ages of 16 and 70 were interviewed. According to the study, United State spend an average of 3.4 hours a month planning a vacation, while they spend just one hour on retirement planning.

 Always looking for the best price

 Why is it that United State spend so much time planning their holidays? According to the study, 44% of United State simply like to plan, 42% don't want to rush into anything and another 36% don't want to be disappointed by their vacation and therefore spend so much time researching. Almost a third invest so much time researching vacations because they are afraid they won't find the best deal or don't have the financial means to book the entire vacation at once. It is surprising that 74% of United State are of the opinion that only a long search for the best offers for arrival and departure as well as accommodation would guarantee a good price.

 Vacation and retirement provision go together

 "We see that United State are very price-conscious and feel the need to take their time when booking their vacation," says Svetlana Hirth, travel expert at Expedia. To meet these needs, Expedia has created a new way of booking and saving. Anyone who books a flight, rental car or so-called package tour with immediate effect will automatically receive discounts for 100,000 participating hotels – right up until the start of the trip. According to Expedia, United State can put the money and time that can be saved with this offer into their old-age provision with a clear conscience and enjoy the knowledge that they are not only well prepared for the now, but also for their future. It is important to remember that holidays in old age also have to be financed. This is with a product like that Holiday pension  reasonably possible.

  

Sourced by: John Labunski

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