Whether visiting relatives or jetting off to some exotic locale, holiday season travel is a tradition for many families. Brushing aside peak season hassles like long lines, Americans normally flock to airports or jump behind the wheel of a car without hesitation.
Though this year, many are pumping the brakes on vacations during November, December, and January. Soaring inflation has thrown another curve ball into America’s need for a winter break after two years of pandemic delays and cancellations.
Inflation in the United States hit 8.5 percent this year, the highest spike since 1982. Compounding this, a recent economic study from Visa, suggests the fallout will last longer than analysts originally predicted….