You are here: Home - Household Bills -

Financial pressure means an increase in staycations

Written by: Emma Lunn
The cost of going away is having an impact on families, with two in five (39 per cent) of those taking a holiday doing so in the UK, and one in five families not going away at all.

Two-thirds (65 per cent) of families not going away cite cost as a core reason, according to A further 31 per cent said taking a holiday with their family is too much hassle, and a quarter (25 per cent) can’t get enough time off work.

The price comparison website polled 2,000 UK adults with children aged five to 16 to find out about their summer holiday plans.

The research also revealed the continued popularity of the staycation, with 39 per cent of families taking a holiday opting to travel within the UK.

When asked why, 45 per cent of parents said it was simply too expensive to go abroad, 35 per cent said they preferred a cheaper UK holiday, a quarter (24 per cent) said they’d always gone on UK-based holidays, and 20 per cent said travelling with children on aeroplanes was too difficult.

Rachel Wait, consumer affairs spokesperson at MoneySuperMarket, said: “Our research highlights that many families are feeling pressured financially over the summer, with cost cited as the top reason for both those that have opted to stay in the UK and families not going on holiday at all.”


There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

Low-income pensioner? You could gain £3k top-up

Hundreds of thousands of retirees struggling with a low income are missing out on Pension Credit worth £3,300...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week