Europe, Mexico and cruises are some of the more popular travel choices for investors who are going to vacation outside the U.S. this summer.
There’s nothing much like touring the United States with family and friends, and that is how a majority of affluent investors plan to spend their summer vacation.
According to a Spectrem’s Millionaire Corner survey of affluent investors, 64 percent plan to take a trip somewhere within the United States this summer. Among that 64 percent, 22 percent plan to visit a national or state park, and 10 percent plan to get to a theme or amusement park during the summer.
There’s nothing much like leaving the country for vacation, either, and many investors plan to do just that. Seventeen percent of investors say they are going to take a trip to Europe, and 9 percent are going tropical, with a visit to St. Somewhere. Six percent of investors say they are going to visit Mexico this summer, and 10 percent said they have plans to get out of the country and go to someplace other than those spots mentioned above.
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Eleven percent of investors plan to go on a cruise this summer, but that includes 22 percent of business owners and 21 percent of corporate executives.
One fact the survey points out is that European travel is for the well-heeled. Only 6 percent of investors with a net worth under $100,000 are going to go to Europe, 9 percent of investors with a net worth between $100,000 and $500,000, and 21 percent of investors with a net worth between $1 million and $5 million and 32 percent of investors with a net worth over $5 million.
Net worth also determines whether investors travel at all. While 13 percent of all investors say they have no plans to travel this summer, 26 percent of investors with a net worth under $100,000 are not planning a summer vacation. Surprisingly, 17 percent of unmarried investors say they will not be vacationing this summer.
Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.
In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.
McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.
McDill is the father of four children, and an active fan of soccer, Jimmy Buffett and all things Disney.