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Americans Don't Take Off Enough PTO

Wasting $67.5 Billion Worth of Vacay Days

Seems like we're a workaholic nation — although we're getting less PTO compared to other countries, we're also choosing to use less of them. The average worker gets about 18 days of PTO, but only took 14, according to a survey done last year by Expedia.com. Here's how much PTO the average person from other countries is getting and how the worker has been spending them:

  • France: Received 37 PTO days and used 35.
  • Spain: Received 31 PTO days and used 29.
  • Italy: Received 30 PTO days and used 27.
  • Denmark: Received 29 PTO days and used 27.
  • Great Britain: Received 28 PTO days and used 25.

 

Since Americans gave up 448 million PTO days, CNN calculated the costs to total $67.5 billion. But frugality might be the reason behind the unused vacation days.

"Vacations tend to suck up money. They tempt people to spend more, save less, and take on more debt. By forfeiting some of their vacation days, Americans are trying to eliminate the temptation to spend money," Scott Spiker, head of investment adviser firm, First Command Financial Services, said. Personally, I don't always think that taking your PTO days will cause you to spend more. You don't necessarily have to go on a trip, you can instead use them to enjoy a longer weekend just to take a break from work.

What about you — do you use up all your vacay days?

Source: Thinkstock
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