New Poll Reveals that Majority of Canadians Desperately Need a Vacation – Can They Afford it?

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Most Canadians ‘really need’ a vacation, poll shows. But can they afford it? - National



“A Survey Reveals Canadians Are Determined to Make the Most of Summer Despite Financial Pressures

As summer approaches, many Canadians are eagerly anticipating the opportunity to escape their daily routines and embark on a well-deserved vacation. According to a recent Ipsos poll conducted exclusively for Global News, 62% of respondents are considering taking a vacation this summer. This number is up six percentage points from a similar poll conducted in April 2023.

The Desire for a Summer Getaway

For many Canadians, the allure of a summer vacation serves as an antidote to the myriad of challenges they have faced in recent years, including affordability issues, overseas conflicts, and climate change. Sean Simpson, a senior vice-president at Ipsos Global Affairs, notes that the desire to travel stems from a need to escape the burdens of everyday life.

Financial Constraints and Vacation Planning

However, the desire to travel is not without its challenges. Ongoing financial worries, such as high inflation and rising interest rates, are making it difficult for some Canadians to afford a vacation. The FP Canada’s 2024 Financial Stress index revealed that money stressors remain a top concern for many Canadians, leading some to scale back their vacation plans.

Vacation Intentions Across Income and Generational Lines

The poll also highlights disparities in vacation intentions based on income and age. While wealthier households are more likely to consider a summer getaway, younger Canadians aged 18-34 are the cohort most eager to take a vacation. Despite financial constraints, many households are determined to find a way to make their vacation plans a reality.

Navigating Financial Challenges with Credit Card Usage

Some Canadians may turn to credit cards to finance their summer vacations, despite the risks involved. Shannon Terrell, a spokesperson for NerdWallet Canada, emphasizes the importance of understanding the potential pitfalls of relying on credit cards for travel expenses. While credit cards offer conveniences such as travel insurance and waived foreign transaction fees, overspending can lead to unexpected financial burdens upon return.

Looking Ahead to the Paris Olympics

In addition to summer vacations, many Canadians are looking forward to the upcoming 2024 Olympic Games in Paris. Interest in the games is high, with a majority of respondents expressing pride in Canada’s Olympic team and viewing the event as an opportunity for global unity. The Olympics, much like a summer vacation, have the potential to provide a much-needed escape and boost national optimism.

A Glimmer of Hope Amidst Uncertainty

Despite the financial challenges that many Canadians continue to face, there is a sense of optimism beginning to emerge. Economic data showing signs of inflation cooling and renewed interest in summer travel and the Olympics suggest that brighter days may be ahead. As Canadians navigate through a period of uncertainty, the promise of summer adventures and global sporting events offer a sense of hope and rejuvenation.

In a world filled with uncertainties, the prospect of a summer vacation or the excitement of international competitions like the Olympics remind us of the power of escapism and unity. While financial pressures may dampen our spirits, the resilience and determination of Canadians to make the most of summer highlights our unwavering spirit. As we look ahead to warmer days and new adventures, may we find solace in the simple joys of travel and the unifying spirit of global events.”



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