Like some cereals, spring break is for kids. Investors plan to stay home during the spring break period.
“Spring break’’ is a kid thing.
There is usually a week in late March or early April in which school-age children in the United States get a week off from school, and that week is known as Spring Break. For college age students, that can mean extensive trips to warm weather sites; for children in high school or younger, it can often mean a family trip, and that also often means a break from the final dregs of winter weather.
But a Spectrem’s Millionaire Corner survey of wealthy investors shows that only 28 percent of investors plan to travel for spring break. Many investors in the survey could be old enough that their children are out of the house, which could affect the percentages.
For example, 30 percent of married investors are planning a trip, to just 22 percent of unmarried people.
Wealthy investors are more likely to get out; 42 percent of investors with a net worth of $5 million plus plan to take a trip over spring break, while only 25 percent of investors with a net worth between $100,000 and $500,000 plan to do so.
Males are more interested in getting away than females; 31 percent of males have spring break trips p planned, to just 25 percent of females.
Spring Break 2014 figures to include more warm-weather travel than ever before because of the attack of polar vortexes that occurred numerous times during the winter months. Orbitz, the on-line travel agency, released a list of the top 10 travel sites for Spring Break 2014 and found that, unlike other years, almost every site was best known for its warm weather.
“There is usually some cold-weather destinations in there, so people can ski, like Seattle or Denver, said Marita Hudson Thomas of Orbitz to Fox Business. “But this year, we are not seeing it because the polar vortex is driving people to warm weather.”
The only cold weather site on the list of top 10 Spring Break destinations for 2014 was New York, and it was listed as No. 8. The top five are Las Vegas, Cancun, Punta Cana of the Dominican Republic, Orlando and Rivera Maya in Mexico.
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.