Almost a quarter of Americans get no vacation at all, says a new report from the Center for Economy and Policy Research.
That’s not the case in Europe, says Matina Stevis. She covers European economics from Brussels for Dow Jones.
“On average, you would get around 25 [vacation] days in a year.” And August is a particularly popular time for Europeans to use their vacation time — Stevis says it’s always quiet on the continent that month.
And Europe may be in economic crisis but Stevis says it’s unlikely they’d ever give up their vacation time. “The point people are trying to make here in Europe is that, if you’re not rested and if you haven’t had some proper time with your family and some time, this is actually going to catch up with the quality of your work.”
Stevis originally hails from Greece, which has a jobless rate is 27 percent. But that doesn’t mean the Greeks won’t go on vacation, albeit on a budget. “Greeks do tend to stay in Greece for their holidays. When everyone else is coming to your country for a holiday, why would you choose to leave?”
And Greeks are hoping other Europeans will head to Greece for their vacations too. Tourism is very important to the Greek economy says Stevis. She says early signs for tourism in the country are good. A bustling season would especially benefit smaller, family-run hotels and tourism dependant businesses.
For Americans looking for a European vacation that’s budget-friendly and mostly tourist-free? Stevis recommends Croatia. They’ll join the European Union on July 1st, later this year.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.