Summer vacations are being hit by a growing wealth divide

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The days of revenge travel are over. After years of being cooped up at home, travelers rushed into the world with a vengeance, sparking a major travel boom from 2022 to 2024. But years of rising prices and a slew of new tariff threats have cast uncertainty over the economy.

A summer vacation survey by Bankrate in March found that only 53% of Americans said they planned to take a vacation this summer — about the same as last year but a drop from 2023, when 63% planned to take a vacation.