Are you going away on vacation this summer? If so, you're hardly alone: Americans continue to spend more and more on their summer getaways. According to a survey by Mondial Assistance, a travel insurance company, 45 percent of all Americans plan to take summer vacation in 2011, up from 40 percent last year and 35 percent in 2009. People plan to spend an average of $1,704 per family on their vacations this year. That's up 9 percent from last year, when they spent $1,567.
If you add it all up, you realize that the vacation industry is a huge business in America. Collectively, Americans will spend about $86.4 billion on their summer vacations this year. That's up $16 billion over 2010.
And if you're like a 12 percent of all Americans, you'll have to turn back home out of fear you've left the oven on or something. And whose fault will it be? More than 50 percent more men blame their wives for turning back home than women blame their husbands.
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