Would you give up your vacation time for a higher salary? All of your vacation time?
Data from Allianz Global Assistance‘s 2019 Vacation Confidence Index (the source of this story, too) shows that just about half (49%) of all working Americans would accept a job with no vacation time if it paid them more money. When asked to specify how much additional money such a move would take (that’s important, after all), that group indicated, on average, that a 48% raise would be required. Meanwhile, one in five of them were willing to give up all their paid time off for an increase of 24% or less.
Breaking down the data further, Allianz found that Americans in different age brackets responded differently. Specifically:
- Millennials: 63% would sacrifice their paid time off
- Gen X’ers: 47% would sacrifice their paid time off
- Baby Boomers: 32% would sacrifice their paid time off
Additionally, Allianz noted that 57% percent of men would sacrifice their vacation time for higher salaries. Meanwhile, just 41% of women would do the same. Here’s more data in an infographic:
“We asked Americans to literally put a price tag on their vacation days, and one-third of U.S. workers said they would be willing to take a pay cut in exchange for unlimited paid time off,” said Daniel Durazo, director of marketing and communications at Allianz Global Assistance USA. “Meanwhile half of Americans say they wouldn’t accept a job with zero paid time off regardless of the salary. For those who value their vacation days, travel insurance offers peace of mind by protecting their trip investment from any covered travel disruptions.”
Disclaimer: Johnny Jet works as an ambassador for Allianz Global Assistance (AGA Service Company) and receives financial compensation.
For more information about Allianz Global, visit AllianzTravelInsurance.com.
Chase Sapphire Preferred® Card
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases.
- 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.