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Skipping Vacations to Save Money May Necessitate Costly Depression Treatments

While most Americans recognize well-deserved annual vacations are needed to clear out the cobwebs, realign priorities and strengthen a relationship with their better half, a significant number opt out to save a few bucks.

According to the new Vacation Confidence Index from Allianz Global Assistance, Americans suffering from a “vacation deficit” are nearly two times as likely to show signs of moderately severe to severe depression compared to the national average.

VACATION DEFICIT

“Vacation deficit” identifies those who think that a vacation is important but are not confident they will take one this year. A vacation is defined as a leisure trip of at least a week to a place that is 100 miles or more from home.

Vacation Deficit Disorder: The Link Between Depression and Vacation Habits (PRNewsfoto/Allianz Global Assistance USA)

Almost one-third of Americans with a vacation deficit demonstrate symptoms of mild to moderate depression, while 12% would be considered to be suffering signs of moderately severe to severe depression. Meanwhile, of the general population, those identified as displaying signs of moderately severe or severe depression are significantly less likely to have taken a vacation in the past two years, and are less likely to take a vacation in 2018.

Among the 58% of Americans who say it’s important that they get a vacation each year, 67% are confident that they’ll get one. This leaves a vacation deficit of 21% of Americans who find annual vacations important but aren’t confident they’ll take one in the next 12 months – unchanged since last year—while one in ten have already taken one.

Allianz Global Assistance offers travel insurance through most major U.S. airlines, leading travel agents, online travel agencies, other travel suppliers and directly to consumers.

CardTrak reminds you if you missed taking a summer vacation consider taking a post-holiday vacation in January says CardTrak.

WINTER VACATIONS

Falling on the third Monday in January, Blue Monday is considered to be one of the most depressing days of the year with factors such as failing New Year’s resolutions, cold winter weather, low amounts of sunlight and post-Holiday credit card bills all culminating to generate a poor mental outlook for many by mid-January.

While a tropical escape may seem the obvious (if not always immediately achievable) antidote to the winter blues, according to a study conducted by Leger on behalf of Sunwing, it’s not necessary to actually travel to improve your mood; even just making travel plans on Blue Monday could be the perfect way to shed the post-Holiday blues.
According to the results, just knowing a vacation is coming up can be transformative. We were fascinated to learn that planning a future trip or reminiscing about a previous one can create the same feelings of positivity generated by actually traveling.

Allianz Global Assistance offers travel insurance through most major U.S. airlines, leading travel agents, online travel agencies, other travel suppliers and directly to consumers.

Vacation Confidence Index Video