(Bloomberg) Americans on the Road Again as Recovery Gains Traction

Traci Butler and her husband cut out vacations after the U.S. recession five years ago. This week, the couple is taking their two boys on a weeklong trip that includes a July 4th visit to the nation’s capital, just a few weeks after touring Italy on their own.

In the aftermath of the recession, “things were much tighter,” said Butler, a special education teacher from Washington, Illinois, whose husband works for construction machinery maker Caterpillar Inc. “We didn’t have bonuses for a while. The last two years have been better.”

About 34.8 million people plan to drive 50 miles or more from home during the five days ending July 6, up from 34.1 million last year and the most since 2007, AAA, the biggest U.S. motoring organization, said June 26. The travel recovery is boosting sales for hotels and attractions, a sign that consumer confidence and consumer spending are on the mend, said Mark Zandi, chief economist at Moody’s Analytics Inc. in West Chester, Pennsylvania.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, America/U.S.A., Children, Consumer/consumer spending, Corporations/Corporate Life, Economy, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Marriage & Family, Personal Finance, Travel

One comment on “(Bloomberg) Americans on the Road Again as Recovery Gains Traction

  1. SC blu cat lady says:

    Not in my neck of the woods. My hubby just got a serious pay CUT! OUCH! Our combined income has decreased by about 20% over the last 10 years. No recovery for our family! They need to more research!