9 Ways To Save Money On Labor Day Travel

31 Aug 2015 | Author: | No comments yet »

Labor Day Getaway? We’ll Just Chill, Say Affluent.

The post-recession travel boom will put more cars on the road than any time since 2008 as an estimated 35.5 million people set out for somewhere more than 50 miles from their home, according to the annual AAA survey for the weekend.The auto group estimates that 87 percent of area travelers will get where they’re going by vehicle; seven percent are expected to travel by air and five percent by other modes of transportation, including bus and rail.

“Low gas prices are added incentive for Americans to take a road trip this Labor Day weekend,” said Mark Jenkins, spokesman, AAA — The Auto Club Group. “Low gasoline prices are an added boost in disposable income, giving travelers more money to spend on lodging, shopping, and dining out.” AAA projects that more than 850,000 of the travelers will depart from the Washington region, with most going by car, 7 percent flying and 5 percent going by bus or rail.

On Monday, the price of regular gas in Broward County averaged $2.43 per gallon, down six cents from a week ago, 24 cents from a month ago and 99 cents from previous year. “Though some consumers remain cautious, these positive indicators are driving a slight increase and allowing millions of Americans to travel on one last summer getaway”. “Many would rather spend the holiday at cookouts, relaxing or simply at home to avoid heavy holiday traffic congestion, especially if they have already taken a vacation this summer”. Traditionally when Labor Day falls later in the calendar, as it does this year, people who have plunged back into work and school are less likely to travel, but more plan to get away this year than last. On New Year’s Eve, for example, the highest percentage of Millionaires surveyed allowed that they are most likely to stay home and turn in early rather than go out to a party.

An equal percentage of those with a net worth of less than $100,000 and those with at least $5 million (26 percent and 27 percent, respectively) report they will be traveling this holiday weekend. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets.

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