//
you're reading...
Career

Americans Are Costing Themselves Billions Of Dollars By Working Too Hard

Working Hard

Neil Hall/Reuters

A new study finds Americans are losing billions by not taking time off.

Not taking time off from work isn’t just making you more stressed — it’s costing you money.

That’s because employees who don’t use all of their paid time off are essentially working for free during the extra days, a new study says.

The study, paid for by the US Travel Association and conducted by Oxford Economics, finds that American workers lost a staggering $52.4 billion due to unused vacation time in 2013.

That’s an average of $504 per worker, all because people are worried what will happen if they take time off.

“Americans are taking the value of their time for granted,” Adam Sacks, founder and president of Oxford Economics’ Tourism Economics division, says in a statement.

The study says that Americans, known as some of the hardest workers in the western world, are taking even fewer vacation days now than they were in the past.

Using data from the Bureau of Labor Statistics and a survey of 1,303 American workers done by GfK Public Affairs and Corporate Communications, Oxford Economics finds that US employees took an average of 16 vacation days in 2013, down from an average of 20.3 days between 1976 and 2000.

The study found that if workers were to go back to taking 20 vacation days a year, they would add $284 billion to the US economy, including $118 billion in direct travel spending and another $166 billion spent in other places like restaurants and retail shops.

The post Americans Are Costing Themselves Billions Of Dollars By Working Too Hard appeared first on Business Insider.


from Business Insider » Careers https://www.businessinsider.sg/americans-losing-themselves-billions-by-working-too-hard-2014-10/
via IFTTT for Journal of Office Workers
About these ads

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

View By Month

View By Date

October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031  

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 61 other followers

Blog Stats

  • 5,633 hits
Follow

Get every new post delivered to your Inbox.

Join 61 other followers

%d bloggers like this: