Half of Americans would give up their paid time off for a higher salary
Photo by Benjamin Child on Unsplash

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:

Credit: Allianz

“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.

Advertisement

Chase Sapphire Preferred® Card

recommended-cart-post-image
APPLY NOW
  • Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
  • Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 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.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.

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.

1 Comment On "Half of Americans Would Give up Their Paid Time Off for a Higher Salary"
  1. George|

    That’s a hard pass from me. My personal days are payable the following February if I don’t use them, and I haven’t had them paid out in years. My vacation time, generous for someone in their 20s, still doesn’t cut it… so I always tack on the extra days on if I have them.

Leave a Reply

Required fields are marked *