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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Europeans Receive Far More Vacation Time Than Americans

The average employed European person gets 28 days of vacation a year.  

| BY Kent McDill

Sometimes knowledge is not a good thing.

Here is a fact that Americans may not want or need to know: employed Europeans likely get twice as much vacation as employed Americans do.

That is one of the many facts revealed in the 14th annual Expedia Vacation Deprivation Study, released in November just as Americans prepare for Thanksgiving or Christmas breaks.

The study looks at the average amount of vacation time given to workers in 24 countries across the world. It asks questions about whether multiple short vacations are preferable to one long vacation, and the emotional response to vacation time.

The study also asked the almost 8,000 employed people worldwide what they would give up for one week in order to get one more day of vacation time every year. Fifty-four percent said they would give up junk food, 48 percent said they would give up alcohol, and 24 percent said they would live without sex for a week to get that one extra day.

However, only 21 percent said they would give up their smartphone and 9 percent said they would give up taking a shower for a week to get another day off.

When it comes to time off, Europeans have the advantage. The average employed European worker gets 28 days of vacation a year. In Denmark, France, Germany and Spain, most workers get 30 days off.

Compare those numbers to the average American worker, who gets 15 days off a year, which is actually one day more than the average American worker got in the previous year’s survey.

In the Asia-Pacific corridor, workers in the United Arab Emirates get 30 days a year, but employed people in Thailand average just 11 days of vacation a year. Hong Kong and Malaysia offer an average of 14 days a year for vacation, while Australia, India and Japan offer 20 days a year for vacation time.

An interesting question asked in the survey was whether the workers feel “vacation-deprived”. Only 54 percent of Americans said they were vacation-deprived while 73 percent of employed people in the UAE (where they get 30 days on average) said they were vacation-deprived.

Among Americans, 60 percent take more than one short vacation with their allotted time, while 23 percent prefer to take one long vacation.

Fifty-six percent of Americans said the opportunity for more vacation time would motivate them to switch jobs.

 



About the Author


Kent McDill

kmcdill@spectrem.com

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.